TED Fellow and former co-founder of Juliana Rotich Ushahidi and iHub who together with Erik Hersman, Ory Okolloh and Daudi Were over saw the innovation and phenomenal growth of Kenya’s first tech hub has announced that she will be joining a venture capital firm.
“I am delighted to announce that I will be joining Africa Technology Ventures as Venture Partner.” Said Juliana Rotich in a Blog post on her website.
Juliana who at the time of leaving Ihub late in 2015 had been incharge of the development of Kenya’s first rugged WiFi and router combo device called BRCK that is completely mobile, and built with the ruggedness required to be used in the most challenging conditions.
BRCK also raised seed fund from Omvestments, Urban.us, Cheryl Heller and Gary Scheft of CommonWise LLC, Synergy Growth and Invested Development investors.
Juliana Rotich joins Africa Technology Ventures
Juliana continues in her announcement that
“One of the gaps in the technology landscape of East Africa and Nigeria is funding for small and medium enterprises (SMEs) at seed and early growth stage. As an advisor to startups with a lot of potential and my own angel investing experiences, this gap in financing is one that I would like to tackle and help fill. I met Eline Blaauboer (TBL Mirror Fund; Safaricom Spark Fund; East Africa Venture Capital Association) and Mairead Cahill (Dalberg; M-KOPA; BT) through mutual friends. They are the managing partners of Africa Technology Venture. After several discussions and meetings, we had similar thoughts on what is needed to help propel startups in Africa to the next level and more importantly how I would be able to do my part to fill this gap.
We are raising investment for a $50m venture capital fund (“Africa Technology Ventures” or “ATV”) alongside an enterprise development facility, which will invest in and support the growth of tech enabled start-ups in East Africa and Nigeria; that have the potential to scale and create value in key sectors including Agriculture, Consumer, Education, Energy, Financial Services and Healthcare. The Fund will be based in Nairobi and Lagos and brings together a team of experienced international and local tech entrepreneurs, investors and advisors.