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Home Startups TLcom to virtually hold its 3rd Africa Tech Female Founder Summit

TLcom to virtually hold its 3rd Africa Tech Female Founder Summit

by Milcah Lukhanyu
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TLcom Capital, the Africa-focussed venture capital firm, will on Wednesday 13th October 2021 virtually hold the 2021 Africa Tech Female Founder Summit headlined by Julia Gillard, former Prime Minister of Australia and Chair of Andela.

 Themed “Board and C-Suite Matters – Counsel, Coach and Collaborate”, the third Female Founder Summit will deliver expert insights on how to build and leverage a senior team and board to drive strong execution and growth. The goal of the summit is to build an even larger community of female tech founders in Africa that can be a support for one another as they scale their businesses.

According to Omobola Johnson, Senior Partner at TLcom Capital, “Over the last 18 months, African tech has broken into a completely new threshold of investment activity and as the ecosystem continues to mature, founders are being exposed to an entirely new set of challenges. From our conversations with entrepreneurs in our network, the most pressing of these issues lie in building a core team both above and below a founder and ensuring they all work in the interests of the organisation. If we want our sector to continue on its current trajectory, it’s vital we equip founders to successfully execute these processes both in terms of establishing a more deliberate C-Level hiring strategy and effectively partnering with their boards to amplify the value generation process for their businesses.” 

TLcom’s 2020 Female Founder Summit was also held as a virtual event with over 100 tech female entrepreneurs and executives from across the continent gathering to experience the power of connecting, learning and being a resource to each other.

The 2021 virtual conference has been complemented by local networking cocktail events in Nairobi and Lagos. Top female C-Suite executives such as Desiree Craig of uLesson, Mayokun Fadeyibi of Autochek, Kristen Kelly of Terragon, and Susan Kiama of Twiga Foods. will be attending as well as many others from the African Diaspora.

Andreata Muforo, Partner at TLcom Capital, adds “Whilst the evolution of a board may present a new journey for founders across African tech, we cannot deny that there are fundamental differences in how female entrepreneurs are viewed in these settings. Women in leadership still have to deal with harmful stereotypes and biases irrespective of their position but a strong and supportive network can make a huge difference in this journey. This is why the Female Founder Summit is so important as nobody understands our experiences like other women and in Julia, and our incredible panellists, we’re delighted to have people who can not only identify with our attendees, but can also share expert strategies on how to navigate these spaces.”

TLcom’s TIDE Africa Fund, one of the most active funds across Sub-Saharan Africa, boasts a leadership team which is 50% female and has actively supported female founders not only through its annual summit, but notably through its recent investments in female-led startups over the last 18 months such as Okra and Pula. .

TLcom manages approximately 200mn USD and has invested in startups such as Andela, Ajua, Autochek, Ilara Health, Kobo360, Okra, Pula, Shara, Terragon Group, Twiga Foods and uLesson.

Female founders are invited to apply to attend the summit.

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