African Technology, Impact and Opportunity Fund

**The fund has closed, not taking any more investments.**

The African Technology, Impact and Opportunity Fund makes early stage investments to rapidly growing technology-enabled companies that deliver substantially improved goods and services and at a lower cost to consumers in Sub-Saharan Africa.

Managing partner, Kwame L. Dougan, Esq., created this fund for investors looking to invest in African startups but find it economically inefficient to conduct the search, diligence and support ventures or for investors seeking social impact ventures rarely find them commercially viable.

Our unique value proposition is a deep, practical understanding of the Ghanaian, Nigerian and Ethiopian markets, consumer behaviour and enterprise demands. We seek to invest in the entrepreneurs leveraging the digital economy to penetrate existing markets while expanding into the untapped oft-ignored consumer or enterprise.

Africa's venture capital space is still very much in its nascent phase. Few players stand out and those that do lack experience in seed-stage venture investing, making it less competitive and an under-served investment class.

Over the past decade, iYa’s founders and its earliest investors worked individually on significant African transactions. Our current portfolio includes one company with revenue growth in the high double digits.

Financial description

**The fund has closed, not taking any more investments.**
iYa expects to make equity and equity-like investments of between USD$50,000 and USD$250,000 Seed and Series A stage investments, with additional reserves for follow-on investments in the portfolio. In our experience, target ventures we find most promising are valued at between USD $500,000 and $5,000,000. We aim to own between 5%-10% stake of portfolio companies.
Operational and legal fees for this first fund have been dramatically reduced by a combination of proprietary capital and existing relationships with institutional partners, including the University of Michigan, Columbia University and global professional service firms.