OpenseedVC, a new venture capital firm, is taking a unique approach to backing startups in Africa and Europe. Their focus? Founders with deep operational experience – the “operators” who have been in the trenches and understand the challenges of building a company.

Why Operator Founders Matter

  • Founder-market fit is crucial: Founders with relevant experience have a better shot at understanding their target market and building successful businesses.
  • Data shows the advantage: Studies indicate a lack of expertise is a significant factor in failed VC investments. Operator founders tend to have a higher success rate.
  • Operator VCs show promise: While not definitive, research suggests that VCs with operational experience outperform traditional investors.

OpenseedVC’s Approach

  • First-mover advantage in Europe and Africa: While operator VCs are common in Silicon Valley, OpenseedVC is among the first to apply this model in Europe and Africa, where only 8% of VC firms are led by former operators.
  • $10 million fund for early-stage startups: OpenseedVC’s first close has secured “well into the millions,” with fundraising ongoing to reach the full $10 million.
  • Focus on pre-seed and early-stage investments: OpenseedVC targets startups at the very beginning of their journey, providing crucial seed capital and guidance.
  • Checks up to $150,000: OpenseedVC offers funding to kickstart promising ventures in key areas: the future of commerce (B2B software, AI, fintech), the future of work (productivity), and digital health.
  • Open application process: Founders can apply directly without needing an introduction, ensuring a wider reach for potential investments.

OpenseedVC understands that funding is just one piece of the puzzle. They offer a network of over 50 experienced operators to provide mentorship and support to their portfolio companies. This network focuses on four key areas:

  • Software Engineering: Experts who can advise on building teams, infrastructure design, and talent recruitment.
  • Product Development: Guidance on product strategy and creating solutions that resonate with the target market.
  • Go-to-Market Strategy: Assistance with developing effective marketing and sales plans to reach customers.
  • People and Talent Management: Support in building high-performing teams and fostering a positive company culture.
AlSO READ:  Google for Startups Accelerator Africa Returns: Applications Open for AI-focused Cohort

OpenseedVC recognizes the importance of a diversified portfolio. They actively seek to invest in startups with female co-founders, striving for a 50/50 gender balance. Additionally, they focus on geographical and industry diversification to create a well-rounded portfolio.

OpenseedVC aims to support at least 60 startups across Africa and Europe over the next five years. Their unique focus on operator founders and early-stage investment positions them to play a critical role in fostering the growth of innovative startups in these regions. With a strong emphasis on diversity and a network of experienced operators, OpenseedVC is well-positioned to empower the next generation of successful tech ventures.

Follow Techspace Africa on Facebook and Twitter. For the latest news, tech news, breaking news headlines, reviews and live updates check out

Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

You may also like