Looking for Crownfunding and Venture Capital (for Africa) resources
January 5, 2015 8:47 AM Subscribe
I started and IT Services company a few years back and, although it is growing steadily, I'm hitting a wall: cash shortage. Here's where I was a couple of months ago.
Not being comfortably funded is making things difficult and it is preventing the business from growing, a pity since the potential is there and it is huge.
We very recently won a tender worth half a million USD but I’m afraid I won’t be able to find the resources to fund and execute the project - and I am not sure I will be able to sign the contract (it will be a good couple of months before the signing bit takes place). Banks here won’t lend if you don’t give them a collateral at least the value of what you’re asking in the first place.
I'm looking for a couple hundred thousand dollars and think this isn't a huge amount to raise. So my question is this: where do I find info about VC firms interested in Africa, as well as crowdfunding platforms that cater specifically to the for-profit-Africa-based segment?
Not being comfortably funded is making things difficult and it is preventing the business from growing, a pity since the potential is there and it is huge.
We very recently won a tender worth half a million USD but I’m afraid I won’t be able to find the resources to fund and execute the project - and I am not sure I will be able to sign the contract (it will be a good couple of months before the signing bit takes place). Banks here won’t lend if you don’t give them a collateral at least the value of what you’re asking in the first place.
I'm looking for a couple hundred thousand dollars and think this isn't a huge amount to raise. So my question is this: where do I find info about VC firms interested in Africa, as well as crowdfunding platforms that cater specifically to the for-profit-Africa-based segment?
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posted by gadha at 10:13 AM on January 5, 2015