Dutch-based venture builder 15Wins Ventures has unveiled a N5 billion venture fund dedicated to supporting startups. This initiative specifically targets businesses operating in key sectors such as fintech, agritech, healthtech, e-commerce, and renewable energy.
According to a statement from 15Wins Ventures, the fund intends to provide essential capital to emerging businesses, helping them to make a lasting impact on Nigeria’s economy. The Chief Executive Officer of 15Wins Ventures, Nelson Ajulo, emphasized that the fund aligns with Nigeria’s pressing needs and growth opportunities, highlighting the potential to transform the entrepreneurial environment in the country.
“Our goal is to discover and cultivate the next generation of Nigerian innovators who are ready to disrupt industries and drive significant economic growth,” Ajulo stated. He added that the fund is designed to empower at least ten startups each year with funding of up to N50 million.
Ajulo noted that this focused investment approach ensures that resources are directed toward the most promising ventures, establishing a strong foundation for their growth and development. He expressed confidence in the talent and potential present within the Nigerian startup ecosystem, asserting, “With the right support, these startups can achieve remarkable success on both local and global scales.”
Beyond simply providing financial backing, 15Wins Ventures aims to offer startups access to a vast network of mentors, industry experts, and potential investors. This support system is structured to facilitate unparalleled growth opportunities and foster collaboration, helping young companies navigate the often challenging process of scaling their operations.
The launch of this fund resonates with the overall trend of increased investment in the Nigerian startup ecosystem. Particularly, international entities recognize Nigeria’s marketplace as a burgeoning hub for innovation and entrepreneurship. Previous investments, such as a recent collaboration between the government and Google, and the selection of Nigerian startups for various accelerator programs, underline this trend.
Ajulo stressed that the initiative would act as a catalyst for unlocking the potential of Nigerian startups, driving innovation, creating jobs, and contributing to sustainable economic development in the country. The commitment from 15Wins Ventures reflects a growing confidence in the ability of Nigerian entrepreneurs to spearhead positive change and economic progress.
As Nigeria faces ongoing economic challenges, the availability of such funding can play a crucial role in revitalizing various sectors and enhancing employment opportunities. The ability for startups to secure investment not only aids individual business growth but can also stimulate broader economic resilience and diversification.
The establishment of the N5 billion fund by 15Wins Ventures promises a new chapter for Nigerian startups. By providing both financial resources and strategic support, this initiative stands to empower a generation of entrepreneurs who can drive innovation and economic growth in Nigeria.
