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FirstCheck Africa is an early-stage venture capital firm founded in 2021 and headquartered in Lagos, Nigeria. The firm focuses on investing in female-led startups across Africa, aiming to bridge the gender funding gap in venture capital. By supporting high-growth entrepreneurs, particularly women in technology, FirstCheck Africa is committed to enhancing diversity and innovation within the startup ecosystem.
As of now, FirstCheck Africa manages a portfolio of five companies and operates with a team that includes co-founders Eloho Omame and Odunayo Eweniyi. The firm has established itself as a key player in the African venture capital scene, with a mission to empower female entrepreneurs and promote gender equity in funding.
FirstCheck Africa invests in diverse teams and exceptional founders across various sectors, including fintech, commerce, healthcare, personal care, and education. The firm is sector-agnostic, welcoming applications from startups at the pre-seed and seed stages. This approach allows FirstCheck Africa to tap into a wide range of innovative solutions and business models.
The firm specifically targets female-led startups, reflecting its commitment to addressing the gender funding gap in venture capital. FirstCheck Africa seeks founders who demonstrate strong leadership qualities and a clear vision for their businesses. The firm is open to various deal structures and co-investment opportunities, aiming to support its portfolio companies comprehensively.
FirstCheck Africa's portfolio includes five notable companies:
This diverse portfolio showcases FirstCheck Africa's commitment to supporting innovative solutions across various sectors.
Eloho Omame: Co-Founder & General Partner. Eloho has extensive experience in venture capital and entrepreneurship, having previously worked with various startups and investment firms.
Odunayo Eweniyi: Co-Founder & General Partner. Odunayo is known for her expertise in technology and finance, with a background in founding and scaling startups in Nigeria.
Startups interested in pitching to FirstCheck Africa should submit their proposals through the online form available at this link. The firm prefers detailed decks that outline the business model, market analysis, and team qualifications.
As of October 2023, FirstCheck Africa has been actively promoting its mission to empower female entrepreneurs through venture capital. The firm has highlighted its notable portfolio companies, which include innovative startups across various sectors.
Recent updates on their website emphasize their commitment to supporting high-growth female-led ventures, showcasing their ongoing efforts to bridge the gender funding gap in venture capital.
What are FirstCheck Africa's investment criteria?
FirstCheck Africa focuses on investing in female-led startups across various sectors, including fintech, commerce, healthcare, and education. The firm seeks diverse teams and exceptional founders at the pre-seed and seed stages.
How can startups apply or pitch to FirstCheck Africa?
Startups can submit their pitches through the online form available at this link. The firm encourages detailed presentations that highlight the startup's vision, market potential, and team dynamics.
What makes FirstCheck Africa different from other venture capital firms?
FirstCheck Africa is distinct in its commitment to addressing the gender funding gap in venture capital by specifically targeting female-led startups. This focus on diversity sets it apart from many traditional venture capital firms.
What is the geographic scope of FirstCheck Africa's investments?
The firm primarily invests in startups based in Africa, with a particular emphasis on Nigeria. However, it also considers opportunities across the continent.
What kind of post-investment involvement does FirstCheck Africa have?
FirstCheck Africa actively supports its portfolio companies through mentorship, operational guidance, and access to a network of resources. The firm aims to foster growth and sustainability in its investments.
What is the typical check size for investments made by FirstCheck Africa?
While specific check sizes are not disclosed, FirstCheck Africa focuses on pre-seed and seed stage investments, which typically range from smaller amounts suitable for early-stage startups.
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