OpenseedVC secures $10M to back operator-led startups in Africa and Europe
- OpenseedVC has secured the first close of its $10 million fund.
- The firm focuses on backing startups launched by experienced operators in Africa and Europe.
- OpenseedVC plans to invest in at least 60 startups over the next five years.
OpenseedVC's operator-centric approach is a promising development in the venture capital landscape, particularly in regions like Africa and Europe where such models have been underutilized. By prioritizing experienced founders and diversity, the firm not only addresses a critical gap in funding but also enhances the potential for successful startup outcomes. The effectiveness of this strategy will be crucial to monitor in the coming years as the firm scales its investments.
