OpenseedVC Launches With $10 Million Fund for African Startups
OpenseedVC, an early-stage venture capital firm launched in 2024, has successfully reached the first close of its $10 million fund aimed at supporting early-stage startups across Africa and Europe.
This $10 million fund marks OpenseedVC’s inaugural investment vehicle and is focused on backing founders with deep domain expertise, reflecting the growing emphasis on founder experience within Africa’s tech ecosystem.
Headquartered in London, OpenseedVC plans to invest up to $150,000 in startups across sectors such as B2B software, artificial intelligence, fintech, digital health, and the future of work. The firm has already invested in two undisclosed artificial intelligence startups in Nigeria and the UK.
Founded by Maria Rotilu in 2024, OpenseedVC operates at a strategic juncture where startups with high success potential, partly due to the founders’ relevant execution capabilities, receive support. The firm’s approach ensures that capital is funneled towards businesses with a higher likelihood of effectively addressing real, scalable, and impactful problems.
The launch of OpenseedVC offers a new funding avenue for African startups. In 2023, funding for African startups fell by 33% compared to the previous year, with total investments amounting to approximately $3.2 billion.
OpenseedVC claims to have a network of over 50 experienced operators—who have deep experience across its investment sectors—supporting the founders alongside the team
