Investments

• Invested in 5 African startups to date (2 via syndicate, 3 directly)
  • Topup Mama
  • Chipper Cash (Series C)
  • Payhippo
  • ShipShap
  • Spleet (and newsletter here)
• In the next week should be finalising two more investments
• Will be at 20 by end of the year.
• Has been really low key to date (dont even have a website yet) but keen to launch properly soon

Coverage

Not much coverage yet to date, but:

• Started a newsletter (163 subs to date - a fortnight in)
• Tweeting about African startups.
• Did an interview with Textbook Ventures: https://www.textbook.ventures/podcast

Proximity Fund 2

• Completely Africa- focused
• Thesis: Africa is the tech frontier of the future
• Goal: to build Africa's best and most impactful VC firm, powering the economic and tech infrastructure of the world's next tech frontier
• Should have a (much better articulated) pitch deck in a week or so
• Aiming to raise around 20m USD from investors globally