Nairobi based Zunde Africa Fund (ZAF) is seeking to invest and offer mentorship opportunity to student run businesses in Africa.
The Tony Elumelu led fund plans to invest an average of $5000 per startup depending on the need. Aside from investing the startups it will hook up the young entrepreneurs with a network of mentors and investors to ensure maximum exposure and growth.
“Our average investment size is $5,000. ZAF encourages all prospective applicants to include in their pitch applications, detailed financial milestones that outline how this sum will be utilized,” said the fund.
Zunde Fund was founded by Yale University alumni who share a common vision and passion for African development.
Its mission is to enable and accelerate growth of promising African startups while helping them fulfill their stated economic and social goals.