To foster the growth of startups in Nigeria, Dutch-based venture builder 15Wins Ventures has launched a five billion Naira venture fund to support the development of startups in Nigeria.
According to the company, the fund is aimed at startups in key sectors such as fintech, agritech, healthtech, e-commerce, and renewable energy, providing the crucial capital needed to make a lasting economic impact.
In a statement released on Monday, the company noted that the fund aligns with Nigeria’s most pressing needs and growth opportunities, and is set to reshape the entrepreneurial landscape in the country.
‘Our mission is to identify and nurture the next generation of Nigerian innovators ready to disrupt industries and drive substantial economic growth,’ said Nelson Ajulo, CEO of 15Wins Ventures.
He added, ‘We are fully committed to supporting high-potential startups, ensuring they have access to the resources and mentorship necessary for success. These entrepreneurs will not only build successful businesses but
also contribute significantly to Nigeria’s broader economic development.’
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Ajulo further explained that the 15Wins Ventures Fund aims to support at least 10 startups annually with up to N50m in funding. The fund’s strategic investment approach focuses on channelling resources toward the most promising ventures, giving them a solid foundation for growth.
‘The Nigerian startup ecosystem is teeming with talent and potential,’ Ajulo continued. ‘With the right backing, these startups can achieve outstanding success both locally and globally. We see this fund as a catalyst to unlock that potential, drive innovation, create jobs, and contribute to Nigeria’s sustainable economic development.’
In addition to financial backing, 15Wins Ventures is also committed to offering startups access to an extensive network of mentors, industry experts, and investors.
This support system is designed to provide startups with unparalleled growth opportunities
and foster collaboration, helping them overcome scaling challenges and make significant contributions to their respective industries.
Source: Voice of Nigeria