Orios Capital a patient capital firm that co-invests, in stages, into scalable and impact based African startups founded by innovative entrepreneurs, is raising funds for investment in promising African startups.
The firm is seeking charitable donations from interested parties who want to support African entrepreneurs to help it launch a fund to invest in solutions that’ll reduce poverty on the continent and globally.
According to myjoyonline.com, the fund is expected to be in the region of US$1 million. This will be used to invest in innovative startups in areas such as Healthcare, Technology, Services, Agribusiness, Clean Water, Formal Housing and Quality Education.
Once the money is in the bag, the firm will kick start the funding process, which includes application & interview; submission of business plan; seed funds (US$10,000) to finalists; finalists pitch to angel investors; investment from Orios Capital, and mentorship by seasoned moguls.
“Our work is pivotal in redefining solutions to poverty reduction in Africa. We want to be the Fund that provides the Patient Capital needed to transform such businesses to achieve that mandate,” said Mr. Kweku Awotwi, Board Chairman of Orios Capital.
He added, “We strongly believe that our strong Governance Structure and cumulative experience will serve as a differentiating factor in disrupting the private equity market for Startups.”
At the moment, the fund will target only Ghanaian startups but within the next three years (or less), its tentacles would have reached startups in other parts of Africa.
Launched in 2012 as the Ghana Centre for Entrepreneurship, Employment and Innovation (GCEEI), Orios Capital provided training and support services for SMEs in Ghana.
It trained over 5,000 SMEs and is the brain behind Ghanaian startups such as Wear Purple, Oasis Websoft, CellAfrique.net, UTAMA Africa Ltd, Chaste clothing, and BKC Consulting.
It is now seeking to be one of Africa’s emerging venture capital fund for startups through the US$1 million fund.
Headquartered in Accra, Ghana, Orios Capital has one simple mission: to be the name behind a global business giant from Africa. The firm is an initiative of Orios Group.