EchoVC Partners, a seed, early stage & Growth technology VC fund with investments across Africa and North America has today launched EchoVC+ to identify, mentor and invest in world-class teams in infrastructure, content, commerce, services, digital media and education and mentorship across Africa.
The Africa-focused fund will continue EchoVC Partners founding vision of finding and investing in high-growth technology companies focused on building the next revolution of Africa.
“To enable us to continue executing on our vision, and in partnership with TPG/Satya, we are pleased to introduce EchoVC+ I, our first vehicle to support blitzscaling tech companies in Africa,” said Eghosa Omoigui, CEO EchoVC. “We are also announcing our first EchoVC+ investment, in Frontier Car Group, which builds and runs used car marketplaces in emerging markets.”
As the founder and Managing General Partner of EchoVC Partners, Eghosa has led investments in Hotels.ng, Printivo and Ma3Route as well as the recent Cars45. Earlier on he was the Intel Capital Director where he was personally responsible for sourcing investment opportunities in various companies such as AdMob, Jaiku, Powerset, Facebook, LinkedIn, Teracent and Pandora. He has also led investments in firms such as GraphScience, Stipple, Frid.ge, Retailigence, Betaworks, Sense Networks among others.
In October 2015, Printivo announced it had closed a six-figure seed round from early-stage VC firm, EchoVC Partners to help broaden its product range, increase headcount, accelerate customer acquisition and scale the business. The investment aimed to give Printivo the capital needed to grow the firm to take on Nigeria’s $200M print market by strengthening it’s online ordering and direct delivery and distribution and tap into Africa’s print industry currently estimated to grow to $9B annually by 2016. This is the same help the firm will be giving to other startups from across Africa.