NEXT PHASE: WADSON FUND I
Wadson Ventures is seeking to launch its first open Fund.
Wadson Fund I will build on the experience of Wadson Ventures which has been providing support to early stage impact driven entrepreneurs in East Africa over the last 5 years.
The new fund will expand the reach and impact to more entrepreneurs.
Social Mission : To support impact driven enterprises that solve key social, economic and environmental problems in Africa, driven by Africans.
Manifesto: Focus on the entrepreneur beyond just the business, Support beyond the financing, Locally founded startups.
A mix of high risk capital to high growth focused capital via SAFEs, Convertible Debt and Equity; and traditional stable SMEs via Debt and Revenue Share that will help reduce the Fund’s overall risk.
Early stage: 1st or 2nd institutional investor in Pre-seed, Seed, A and B and evergreen investments to maintain ownership
Sectors: Smart startups and growing SMEs in sectors solving economic, social and environmental challenges for masses of people. Key sectors- renewable energy, healthcare, hospitality, retail, agriculture and food security, education, consumer focused products, fintech among others.
Location: East Africa for first few years – markets that are growing fast.