Olumide Soyombo of Piggyvest and Paystack fame is starting Voltron Capital seven years after investing on his own.
Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack , PiggyVest, and TeamApt .
Today, the investor is announcing the launch of Voltron Capital , a Pan-African venture capital firm he co-founded with Abe Choi , a U.S.-based entrepreneur and investor.
Voltron will be deploying capital to roughly 30 startups, mostly in pre-seed and seed-stage across Africa, in a bid to “address the severe lack of access to early-stage funding for African tech companies.” The ticket sizes will range from $20,000 to $100,000, focusing on startups in Nigeria, Kenya, South Africa, and North Africa. Soyombo is one of the few founder-cum-investors on the continent, despite his company not being the traditional VC-backed startup the world has become accustomed to. In 2008, he started Bluechip Technologies with a friend, Kazeem Tewogbade as an enterprise company that provides data warehousing solutions and enterprise applications to banks, telcos, insurance firms. Some of its biggest clients include OEMs like Oracle. Non-traditional startup founder to an angel investor
Six years later, the pair decided to venture into tech, a relatively nascent industry in Nigeria at the time and began investing in startups via LeadPath , an early-stage firm they launched in Lagos, Nigeria. The idea was to invest $25,000 and take the startups […]
- Mark Cuban-backed Eterneva raises $10M to turn your loved one’s ashes into diamonds
- Why experience-first networking is the future of IT