DEMO Africa has launched DEMO Ventures, an investment arm leveraging on the great successes of Demo Africa over the last 6 years to raise a $100m fund focused on early stage and growth startups across Africa.
“Our proprietary deal flow of the 3,000+ early stage enterprises will form the bulk of our portfolio pipeline. Demo Africa has helped these startups raise over $60 million through networks, introductions and a robust support process, and it is through this track record that we are now formalising the process,” said Harry Hare the Founder of DEMO Africa and a Partner in DEMO Ventures.
With the appointment of Tania Ngima as its CEO with effective from 15th July, Demo Africa, the continent’s largest startup launch pad, and a flagship event of the [email protected] Initiative, Demo Ventures is perfectly poised to extend the ecosystem by connecting investors with vetted tech – based enterprises in a more active manner – and through a de-risked model of operation.
Ms Ngima, a strategy and finance specialist joins us at an exciting time for the technology industry, when innovation is transforming how Africa lives, interacts and works. Most importantly, this is a period where catalyzing funding into technology will create much needed impetus for the continent’s economic emergence and the youth opportunity.
With over 15 years of demonstrable experience in leading teams, reporting, set up of organizational systems, corporate governance and SME restructuring in the manufacturing, renewable energy, technology infrastructure, real estate, telco and financial services industries. “Tania has the unanimous support of our board of directors and strategic partners,” Hare concluded.
Ms Ngima is a Board member in a number of organizations including Resolution Insurance, a Mandela Washington Fellow – Young African Leaders and a Global Women Entrepreneurship Initiative alumnus. She holds an MBA from the University of Birmingham Business School and is a Lean Six Sigma. Tania Ngima is a proponent for diversity and inclusion in the spaces of finance and tech, a vision that is shared by the members of the board.
“I am excited to take on this opportunity and work with the team to achieve lasting impact in the trifecta between technology, finance and diversity,’’ Ms Ngima said.