Entrepreneurs seeking financing for their early and mid-stage companies may now heave a sigh of relief as Investment-One Venture Capital Limited, one of Nigeria’s leading venture capital companies, said it was ready to fund viable business proposals from them.
A statement said it was the second time the company, a subsidiary of Investment-One Financial Services Limited, would make a bold move to finance Nigerian entrepreneurs, who are in dire need of fund to either establish or grow their businesses.
The ongoing second edition of ‘Venture Quest’ launched by the firm is primarily aimed at financing companies proffering viable technology-enabled solutions/products.
Mayowa Olugbade, Head, Vencap, disclosed that Venture Quest was the firm’s flagship call for investment proposals from entrepreneurs seeking financing for their early and mid-stage companies. She specifically noted that companies proffering viable technology-enabled solutions/products are hereby encouraged to send in their pitch decks and other information.
Olugbade explained that the second edition exercise is not constrained to any specific sector or geography, adding that all prospective entrepreneurs are encouraged to apply.
“The ideal candidate will be a company that has been in existence for a minimum of one year, with a product or service that has scaled the ‘proof of concept’ stage and has an experienced/strong Management Team. However, candidates who do not meet these requirements can still apply,” she said.
She however hinted that entrepreneurs who were willing to participate in the programme had e a limited time schedule to indicate interest by submitting their proposals before the end of May.
Investment- One Vencap Limited is the SME focused subsidiary of Investment One Financial Services Limited. Vencap invests in SMEs and in addition, provides essential business support to our investee companies – from the date of investment until financial exit.
“Our typical investment horizon is 3 to 5 years and our preferred exit is to the founders or current management. We succeed when the companies we invest in become successful companies that contribute to Nigeria’s GDP,” Olugbade disclosed.
