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,” Nelson continued.
“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.”
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.