
Eunice Ajim
@euniceajim
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Founding Partner & VC @ajimcapital | Early-stage investing in Africa. Follow me for thoughts on Africa, startups, & investing. Book a call: https://t.co/O2KSi0ipUS
Austin, TX
Joined January 2018
Launching Today!! Ajim Capital launches its $10 Million fund focused on African tech startups. I’ve been working on this for a while and I’m super excited the word is finally out! https://t.co/bMZB4hXLDl
techcabal.com
The African market is growing considerably, but investors are still slow to fund tech startups. Ajim Capital has decided to launch a $10M fund to invest in African tech startups, allowing entrepren...
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Big day for one of our portfolio companies 🚀 Adam, your ultimate AI accountant and bookkeeper that gets the job done like magic, is live on Product Hunt. Unlock all @useadam_io by @tyms_io have to offer by joining the hunt. https://t.co/m44HqzgF47
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Big day for one of our portfolio companies 🚀 Adam, your ultimate AI accountant and bookkeeper that gets the job done like magic, is live on Product Hunt. Unlock all @useadam_io by @tyms_io have to offer by joining the hunt. https://t.co/m44HqzgF47
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Grateful to Nayantara Jha at @weetracker for highlighting my journey. Powering Africa’s Future: Inside Eunice Ajim’s Early-Stage Investment Vision https://t.co/Ip1GkpE4Wm
weetracker.com
Eunice talks about the uphill battle that African venture capitalists face when raising funds. Unlike in more mature markets, securing LPs
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We don’t need handouts. We need bold capital, patient investors, and a belief in what Africa can become. If you’re curious about the future of African tech, let’s talk. #VentureCapital #InvestingInAfrica #AfricanTech
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Despite this, I remain convinced: Africa is on the brink of a unicorn wave. By 2030, I believe at least 30 African startups will surpass $1B valuations. The pieces are falling into place—talent, technology, and demand are growing. What’s missing? More investors willing to take
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The reality is: ✔ African VCs aren’t just raising funds - we’re selling an entire continent’s future. ✔ We’re proving that Africa is not too risky - it’s too overlooked. ✔ And we’re navigating a market where valuations, investor sentiment, and capital availability can shift
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For two years, I had conversation after conversation with investors who didn’t understand Africa’s potential. Many said no. Some said, “Come back when you have more traction.” Sound familiar, founders?
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Raising a venture fund is hard anywhere - but in Africa, it’s a different kind of challenge. Unlike in the U.S., where LPs actively seek out emerging managers, African VCs have to convince investors that the continent is worth betting on.
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Saw the news about Mastercard Foundation pulling out of Africa, and honestly, I'm a bit tired of the same old "Africa funding crisis" narrative that's making the rounds. 🧵 https://t.co/xRHgGPQGCl
restofworld.org
The withdrawal leaves a gap in support for early-stage startups, as Africa’s tech funding has been declining since 2022.
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100M in funding, pulled, just like that. I’m convinced there are 10,000 Africans who would pledge to invest $10,000 in Africa over the next 5 years. That’s $2,000 per year. And that funding will never get pulled. RT if you agree.
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I've been in enough meetings lately to know there's still plenty of smart money looking at Africa – they're just being more selective. And that's probably healthy. What do you think? Is everyone overreacting to what's really just a normal market cycle? Or am I being too
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Maybe, just maybe, this reset is exactly what the ecosystem needed. When funding eventually picks back up (and it will), we'll have more sustainable businesses with actual business models. Imagine that!
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• Many are focusing on revenue instead of vanity metrics • Africa-focused investors are stepping up (finally!) • Founders are solving real problems instead of chasing the next shiny thing
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So why do we act shocked when Africa experiences the same market cycles as everywhere else? What I find interesting (and nobody seems to be talking about) is how African founders are adapting:
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Silicon Valley VCs have been sitting on their hands. European funding rounds are smaller. Asian markets are feeling the squeeze. It's not just an "Africa problem" – it's a global reality check after years of easy money.
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Look, I get it. It's not great news. But can we talk about the elephant in the room? VC funding has been down EVERYWHERE for the past couple of years.
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Saw the news about Mastercard Foundation pulling out of Africa, and honestly, I'm a bit tired of the same old "Africa funding crisis" narrative that's making the rounds. 🧵 https://t.co/xRHgGPQGCl
restofworld.org
The withdrawal leaves a gap in support for early-stage startups, as Africa’s tech funding has been declining since 2022.
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VCs don't sign NDAs. If you're worried about your idea being stolen, you're worried about the wrong thing. Execution is everything. #thoughtoftheday
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