Venture studio1888EC is a venture studio based in Ethiopia, focusing on building and supporting startups through innovative methodologies. It aims to foster a startup ecosystem that addresses societal challenges and promotes job creation.
PennPromise Ventures
PennPromise Ventures, based in Abuja, Nigeria, is a venture studio that focuses on building, scaling, and financing impactful businesses in Africa's underserved middle-market economies through innovative capital strategies.
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Overview
PennPromise Ventures, also known as Pennington Promise Capital, is dedicated to fostering growth in Africa's middle-market economies. The firm operates from Abuja, Nigeria, and emphasizes ethical investment practices. By connecting impact investors with high-growth founders, PennPromise aims to create sustainable businesses that drive economic transformation.
Focus
The firm invests across various strategies, including venture capital, growth capital, alternative credit, and infrastructure. PennPromise Ventures is committed to ethical and socially conscious investing, ensuring that their funding options align with the needs of impactful businesses.
Support
PennPromise Ventures offers a unique venture studio approach that combines institutional capital with hands-on support in design and operations. They provide pre-seed funding up to $20,000 for early-stage entrepreneurs and seed funding up to $100,000 for businesses that have demonstrated traction.
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