In a move to support the development of startups in Nigeria, Dutch-based venture builder 15Wins Ventures has launched a N5bn venture fund.According to the investor, the fund, which is targeted at startups operating in key sectors, such as fintech, agritech, healthtech, e-commerce, and renewable energy, aims to provide the essential capital needed for emerging businesses to make a lasting impact on the economy.
The company said in a statement obtained on Monday that the fund aligned with Nigeria’s most pressing needs and growth opportunities and was poised to transform the Nigerian entrepreneurial landscape.
“Our goal is to discover and cultivate the next generation of Nigerian innovators who are ready to disrupt industries and drive significant economic growth. We are fully committed to supporting startups with rapid growth potential, ensuring they receive the resources and mentorship required for success. These entrepreneurs will not only build thriving businesses but also make meaningful contributions to Nigeria’s broader economic development,” said the Chief Executive Officer of 15Wins Ventures, Nelson Ajulo.
According to Ajulo, each year, the 15Wins Ventures Fund aims to empower at least 10 startups with up to N50m in funding. He said the focused investment approach ensured that the fund’s resources were directed towards the most promising ventures, giving them a strong foundation for growth.
“The Nigerian startup ecosystem is brimming with talent and potential,“With the right support, these startups can achieve remarkable success on both local and global scales. We see this fund as a catalyst for unlocking that potential, driving innovation, creating jobs, and contributing to Nigeria’s sustainable economic development.” Nelson continued.
Beyond financial support, 15Wins Ventures said it was committed to providing startups with access to a vast network of mentors, industry experts, and investors.The financier said support was designed to offer unparalleled growth opportunities and foster collaboration, helping startups navigate the challenges of scaling and making significant contributions to their sectors.
Related Articles
- eNaira: Nigeria, others, top global CBDCadoption
- Fintech Kopo Kopo Names New Leadership Amid Moniepoint Acquisition Talks
- FG Launches N50 Billion SMEDAN Grant to Boost SMEs
Blessed is a dedicated grants and business funding researcher with a keen eye for uncovering opportunities. With a background in digital marketing and social media management, she brings a unique perspective to her work. Blessed is passionate about helping individuals and businesses secure the funding they need to achieve their goals. Her expertise and dedication make her a valuable resource for anyone seeking financial support.
