OpenseedVC secures $10M in first close of fund to support entrepreneurs launching companies in Africa and Europe

OpenseedVC, a London-based venture capital firm, is breaking new ground in the startup investment world by focusing on supporting operators turned founders in Africa and Europe. Founder-market fit is a key factor in startup success, and OpenseedVC is capitalizing on this by providing early-stage funding and support to experienced operators looking to launch their technology companies.

With a $10 million angel-style fund, OpenseedVC has already reached its first close and is actively seeking to invest in startups in the future of commerce, future of work, and digital health sectors. The firm is targeting at least 60 startups over the next five years, with checks of up to $150,000 available for promising ventures.

General partner Maria Rotilu, a former operator herself with experience at Uber and Branch in Nigeria, is leading the charge at OpenseedVC. She believes in the power of backing experienced operators early in their journey, providing them with the capital and support they need to succeed. Rotilu’s background in computer science and venture investing has equipped her with the skills and knowledge needed to identify and support high-potential startups.

OpenseedVC is not only focused on supporting operators but also on promoting diversity in its portfolio. The firm actively seeks out female-led startups and aims for a 50/50 balance in co-founding teams. By applying a gender lens to its investment strategy, OpenseedVC is paving the way for a more inclusive and diverse startup ecosystem.

With a strong focus on operator-led investments and a commitment to diversity, OpenseedVC is poised to make a significant impact in the startup world, particularly in Africa and Europe where operator-led VC firms are less common. As the firm continues to grow and expand its portfolio, it is set to become a key player in the global venture capital landscape.