About Savannah Fund
Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects to achieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.
Savannah Fund’s accelerator program
A key piece of the Fund’s overall strategy is to address skills and experience gap of entrepreneurs in the region through the Accelerator Program. An accelerator program is designed to help emerging entrepreneurs build a company and launch a product. Early-stage companies participate in “cohorts” and be exposed to a program to learn from experienced local and high value and reputable mentors that have built global technology brands that are also very hands on as would be expected by angel investors.
The Fund’s Accelerator Program will deploy relatively small amounts of capital ($25,000 to each company in exchange for about 15% equity stake- non negotiable) to a cohort of up to 5 startups at a time for 3 months. Applicants will be chosen through an online application and interview process but successful teams should apply with not just an idea but an initial prototype, early customers and revenue.
To learn more read our Frequently Asked Questions
Startups backed by Savannah Fund
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