Pacer Ventures launches $3m fund to support African tech startups

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Pace Ventures, A Nigeria based firm invest in tech founders solving the most critical problems and increasing the rate of tech adoption at the bottom of the pyramid. Their focus is on early stage investments within the sectors that have the biggest impact on the continent.

Pacer Ventures has a strategic relationship with the Founder Institute, providing investment thesis support, structure, templates, tools, deal flow, potential seed, and support across all segments of the fund operation.

The Founder Institute is the world’s largest pre-seed startup accelerator. Since 2009, has helped over 4,300 entrepreneurs get the focus and support needed to build a business that matters. Based in Silicon Valley and with chapters across 75 countries, the Founder Institute’s mission is to empower communities of talented and motivated people to build impactful technology companies worldwide.

In the news in the public space, the support shall focus on development in Africa, including healthcare, financial inclusion, education and agriculture. 

The Managing General Partner, Gbemi Akande said the huge opportunity to support early-stage founders making meaningful contributions to their local economies and communities.

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