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OpenseedVC launches with a $10 million fund for African startups

By Oluchukwu Ikemefuna

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OpenseedVC, an operator-led venture capital firm, has announced its first close of a $10 million early-stage fund for tech startups in Europe and Africa.


The fund is set as investments for seasoned operators taking on new ventures. The investment will provide the operators with the necessary capital and expertise to function and launch their technology companies. 

OpenseedVC Goals and Ambitions

The General Partner of OpenseedVC, Maria Rotilu, manages and leads the fund’s distribution. She founded the firm in 2024. Maria stated that the goal of OpenseedVC was to support and ensure experienced operators launch their technology companies. The company noted that it will ensure the operators get capital, required knowledge, and community support from experienced operators. 

One of the company’s operational strategies is to invest in sectors such as AI, B2B software, fintech, health, and workplace technology. This aligns with the United Nations Sustainable Development Goals. A sum of $150,000 checks is assigned to each operator considered to equip them with access to industry experts. 

OpenseedVC Strategic Move

Another strategic plan the company has is to prioritize portfolio diversification to ensure women have the opportunity to participate. 

Maria stated: “There are very few female-led funds globally, and we have a specific perspective on what a diversified portfolio should look like. Also, we will focus on diversification across geography, industry, and gender.”


The launch and approach of the company are perfectly timed, given the current fundraising state. Note that the low early-stage equity funding has caused a 33% drop in Africa. The OverseedVC funding is set as a beacon of hope in the growing industry. 

Finally, the fund comes at a time when both founders and employees of thriving ventures are starting other promising companies. Note that, startup business is hitting an on-high. Alumni from Andela, Paystack, Flutterwave, and others are now calling the shots at newer startups. It is an exciting time ahead.

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Abdullahi Kafayat
Abdullahi Kafayat

Abdullahi Kafayat is an enthusiastic writer interested in the tech world. She's a graduate of Obafemi Awolowo University and has a BSc in Chemistry. You can reach her at Kafayatabdullahi17@gmail.com.

Articles: 275

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