Obuntu Foundation launches program for Africa-focused fund managers

STARTUP VENTURE CAPITALMay 27, 2024 at 12:44 PM UTC

TLDR

Obuntu Foundation in partnership with MEDA has opened applications for the Launchpad program for Africa-focused fund managers.
The program offers essential tools and expertise for early-stage fund managers in Africa over 12 months.
It aims to empower fund managers, enhance investment strategies, and improve fund outcomes through customized training and networking opportunities.

Obuntu Foundation, in partnership with Mennonite Economic Development Associates (MEDA), a global nonprofit, has opened applications for the third cohort of its Launchpad program for Africa-focused fund managers.

Over 12 months, the program offers early-stage fund managers essential tools and expertise to establish and operate funds within the African context. It includes customized training, opportunities for engagement with limited partners (LPs), and a collaborative network for sharing knowledge and facilitating deal flow.

The initiative aims to empower fund managers, to enhance their investment strategies, improve fund outcomes, and broaden their impact. The program is conducted by the

Key Takeaways

Since its inception in 2022, the Launchpad has conducted two cohorts, aiding 24 fellows from 21 funds with a collective target AUM of $281 million. By harnessing the vitality of the venture capital ecosystem to aid first-time fund managers investing in belief capital, MEDA and Obuntu guarantee ongoing support for participants. This includes mentorship, fundraising guidance, and the promotion of innovative fund models tailored to the specific requirements of African startups. The fellowship provides practitioner-led sessions led by industry experts such as Lewam Kefela (Partech), Andreata Muforo (TLcom Capital), and Fope Adelowo (Helios).

Obuntu Foundation

MEDA

Obuntu Launchpad Fellowship

Finance

Venture Capital

Fund Management

Limited Partners

Helios

TLcom Capital

Partech