FirstCheck Africa Adds $2m Commitment From TLcom Capital To Its $10m Debut Fund
We're thrilled this morning to announce two things: TLcom Capital, one of the most prominent Africa-focused seed to series B venture capital firms, has committed $2m to FirstCheck Africa, and Eloho, one of our founders, has joined TLcom Capital as a Partner, adding to her existing day-to-day role as Co-Managing Partner at FirstCheck Africa.
This move allows FirstCheck Africa to support more female-led startups by giving us access to additional capital. Including our $10m debut fund, FirstCheck Africa will be investing $12m as a single pool of capital against our strategy of backing high-growth, technology-driven startups with at least one female founder or co-founder.
FirstCheck Africa will now invest up to $250k as high conviction first checks into early-stage rounds for female-led startups. We remain sector-agnostic and focused on technology-enabled companies that are solving important problems in large markets. Our strategy is to invest in female-led companies with category-leadership potential while throwing the weight of FirstCheck Africa's networks and platform behind the founders that will be the next generation of entrepreneurial role models for Africa.
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