Yesterday, Africa-based Ampion and Berlin-based Plutos Ventures Holding announced the funding of Ampion Ventures. This project aims to build scalable digital business in selected African countries by providing seed capital and expertise support.
Ampion Ventures is set to invest 6-digit tranches into African startups operating in Kenya, Rwanda, Nigeria and other selected African countries. Founders focused in agriculture, energy and the fintech sectors in Africa are viable to apply. In addition to the provision of start-up capital, Ampion offers local start-ups with operational corporate partnership opportunities.
Ampion is a profit and impact driven company builder with the goal of developing innovative business models in Agritech, Energytech and Fintech in Africa through investment, operational and strategic support to generate revenue and create jobs in Africa’s business ecosystem.
Fabian-Carlos Guhl, founder and Managing Director of Ampion Ventures has been working for years with founders and early-stage start-ups in Africa. Overtime, he has travelled to more than 16 African countries to coach and support founders in establishing their startups.
In a statement, Fabian said that the mission at Ampion is to initiate technological development in Africa and to contribute to the well-being of the African people and continent’s economic development. Experienced investors from Plutos Ventures will support them strategically to provide capital for these startups.
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“With Ampion and the start-up bus, Fabian and his team have demonstrated how strong their network is on the African continent and how immensely the will to found start-ups is there. Now, it is a matter of establishing true digital business models to support the development of the African economy,” said Oliver Riebartsch, Managing Director Plutos Ventures.
Over the past six years, Ampion has supported over 80 start-ups in 16 African countries alongside partners such as MTN, SAP, Merk, Microsoft, and International Development Cooperation Institutions. An example of a startup that has benefited from this program is Accounteer, a Nigerian cloud accounting fintech start-up which also recently secured investment from Meltwater, a Us investor.
To be eligible for the Ampion Ventures building program, tech entrepreneurs must:
Have an early stage tech start-up or a background in the Agritech, Fintech or Energytech sector and have a solution with potentials to accelerate Africa’s tech and business revolution. Deadline for the first round of applications is March 15th, 2019.
Interested founders and start-ups from around the world with an African focus can now apply to Ampion Ventures for collaboration. Interested startups can click here to apply.