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OpenseedVC Secures $10M Fund for Operator-Backed Startups

OpenseedVC the primary investor for startups initiated by seasoned operators across both regions, securing $10 million
May 20, 2024

Introducing a fresh perspective to venture capital, OpenseedVC is pioneering a unique approach to startup investment by focusing on founder-market fit and leveraging the expertise of operators turned founders. In a move to bridge the gap between operators and capital, OpenseedVC has unveiled a $10 million early-stage fund tailored to support experienced operators in Africa and Europe as they embark on their entrepreneurial journey.

Founder-market fit has long been recognized as a key determinant of startup success, with operators transitioning to founders often enjoying a distinct advantage in navigating the complexities of building a business. OpenseedVC aims to capitalize on this advantage by investing early in operators eager to launch technology companies. Through its angel-style fund, OpenseedVC provides not only capital but also access to a network of seasoned operators, offering invaluable guidance and support at the earliest stages.

With a focus on enhancing the operator network across software engineering, product development, go-to-market strategy, and talent acquisition, OpenseedVC is set to empower founders with the resources and expertise needed to drive innovation and growth.

Targeting at least 60 startups over the next five years, OpenseedVC's fund operates with an open application process, welcoming founders to apply without the need for an introduction. The fund's investment criteria encompass startups at the forefront of commerce, work productivity, and digital health, with a keen interest in specific founder profiles, including domain experts and second-time founders.

Driven by a vision to build a diversified portfolio that generates significant returns for investors and provides crucial support for ambitious operators, OpenseedVC represents a new chapter in venture capital. With a focus on diversity across geography, industry, and gender, OpenseedVC is poised to play a pivotal role in shaping the future of startup ecosystems in Africa and Europe.

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