Nigerian female-led venture builder Aidi Extends its Early-Stage Support Fund to $1.5 Million


Aidi, a Nigerian based female-led venture builder has announced an increase in its early-stage accelerator support fund to $1.5 Million.

 Aidi already supports over 200 founders across emerging markets, with notable names like Termii (YC W20), Payhippo (YC W21), Dash (Techstars 21), Raise (500 Startups 21), Moni (YC S21), Bumpa and many more.

According to Toluoba Obademi ,Head of operations & Investments,” Aidi has seen a surge in applications from founders for both equity and service-based support, hence the need to onboard more partners and expand its accelerator offerings.”

With support from AWS, mercury and brex over the last 12 months, the team announced new partners coming into the mix like FCMB’s Hubone, Assembly Investors, Paystack, and Adamantium Fund.

 With these new partners on board, the team now believes it’s well positioned to support more early-stage technology founders across emerging markets.

Still strongly retaining its position as a founder-focused accelerator, Aidi has now increased its support for founders across its equity and service-based offerings from both business angels and corporate partners.

So far, Aidi has successfully supported amazing founders within the fintech, enterprise and Sass space working with them through-out their journey of raising a combined amount of over $260 Million

Companies that participated in Aidi’s last concluded winter 22 accelerator include :Grey ,a cross-border fintech providing payment infrastrcture for transactions such as; making and receiving payments, currency exchange and much more.

CreditChek ,a fintech helping Africans verify their credit status using pre-approved data gotten from bank statements, government and other real-time financial sources.

Quabbly ,a no-code platform that enables teams and businesses to easily automate business processes or workflows without writing code.

 Formal,a platform for simplifying data governance for companies. Data engineers are empowered to automate and scale data access control across their entire data infrastructure on Formal.

Deborah Mayowa ,the Principal at Aidi, mentioned that Aidi is looking to double down on supporting founders across emerging markets with more focus on Africa. Majority of these support would be via partner services that allows these founders operate on a global scale with ease.

Other activities Aidi has planned for the next two quarters include free training sessions on business management, fundraising, team management, and product development.