EchoVC Partners

Investor type Micro VC
Founders Eghosa Omoigui

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 37
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 35
Rounds per year 3.36
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.05
Exits 6
Key employees 1
Stages of investment
Seed

Areas of investment

  • Software
  • Information Technology
  • Internet
  • Mobile
  • Transportation
Summary

The venture was found in Africa in Nigeria. The main office of represented VC is situated in the Lagos.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the EchoVC Partners, startups are often financed by Grace Beauty Capital, Andrew Mitchell, Quest Venture Partners. The meaningful sponsors for the fund in investment in the same round are 500 Startups, LaunchCapital, Raptor Ventures. In the next rounds fund is usually obtained by 500 Startups, TPG Growth, Samsung NEXT.

The fund is constantly included in 2-6 deals per year. This EchoVC Partners works on 8 percentage points less the average amount of lead investments comparing to the other organizations. The higher amount of exits for fund were in 2019. The usual things for fund are deals in the range of 5 - 10 millions dollars. Speaking about the real fund results, this VC is 9 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2012.

The fund was created by Eghosa Omoigui. Besides them, we counted 1 critical employee of this fund in our database.

The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. Among the various public portfolio startups of the fund, we may underline PayJoy, GraphScience, Cars45 Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most popular fund investment industries, there are Internet, Software.

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Typical Co-investors
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Funds with similar focus located in Nigeria:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Ponto

Cryptocurrency
Information Technology
$20M17 Mar 2022 San Francisco, California, United States

Octamile

Auto Insurance
Insurance
InsurTech
$500K01 Dec 2021 Lagos, Lagos, Nigeria

Shuttlers

Information Technology
Ride Sharing
Transportation
$1M16 Nov 2021 Lagos, Lagos, Nigeria

TRADE X

Automotive
B2B
$10M30 Aug 2021 Mississauga, Ontario, Canada

Pngme

Big Data
Financial Services
FinTech
Software
$15M17 Aug 2021 San Francisco, California, United States

Wapi Pay PTE Limited

FinTech
Mobile Payments
Payments
$2M03 Aug 2021 Singapore, Central, Singapore

Kosa

Health Care
Human Resources
Software
23 Jul 2021 Amsterdam, Noord-Holland, The Netherlands

Pngme

Big Data
Financial Services
FinTech
Software
$3M01 Aug 2020 San Francisco, California, United States

MarketForce360

Information Technology
$350K26 May 2020 Nairobi
News
Trade X Raises $10M in Equity Funding

– Trade X Group of Companies Inc. is a B2B automotive trading platform.
– Canadian company raised $10M in equity funding.
– The round was led by EchoVC, Frontier Ventures, and Ugrowth.
– The company intends to use the funds for acquisitions and global expansion across North America, Europe, Asia, Africa, and the Middle East.

Pngme Raises $15M in Series A Funding

– Pngme is a San Francisco, CA-based financial data infrastructure and machine learning-as-a-service platform.
– The company raised $15m in Series A funding.
– The round was led by Octopus Ventures with participation from Lateral Capital, Unshackled Ventures, Raptor Group, EchoVC, Future Africa, Two Small Fish Ventures, and a group of individual angel investors including RallyCap’s Hayden Simmons, Plaid’s Dan Khan, former COO of RBC Capital Markets Richard Talbot, and Intersect VC’s Kyle Ellicott among others.
– The company intends to use the funds to expand its executive team with the hiring of Lorraine Kageni Maina as Chief Strategy Officer and Nick Masson as Chief Technology Officer.

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