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SpeedUPAfrica

Founders Toro Orero

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Investments

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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.

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Total investments 50
Portfolio companies 18
Rounds per year 8.33
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.03
Key employees Soon
Stages of investment
Seed

Areas of investment

  • Internet
  • Service Industry
  • Logistics
  • Food and Beverage
  • E-Commerce
Summary

SpeedUPAfrica is the famous VC, which was founded in 2016. The fund was located in Africa if to be more exact in Nigeria.

Among the various public portfolio startups of the fund, we may underline Sokowatch Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular fund investment industries, there are Education, E-Commerce. For fund there is no match between the country of its foundation and the country of its the most frequent investments - Kenya.

The usual cause for the fund is to invest in rounds with 1-2 partakers. Despite the SpeedUPAfrica, startups are often financed by Midsummer Capital, Mercia Fund Managers, Total. The meaningful sponsors for the fund in investment in the same round are MassChallenge, Draper Associates. In the next rounds fund is usually obtained by Ventures Platform, SOSV, GSMA Ecosystem Accelerator.

Considering the real fund results, this VC is 19 percentage points less often commits exit comparing to other organizations. The fund is constantly included in 13-24 deals per year. Comparing to the other companies, this SpeedUPAfrica performs on 27 percentage points less the average number of lead investments. The top activity for fund was in 2016.

The current fund was established by Toro Orero.

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Related Funds

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

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Delivery
Logistics
Sharing Economy
Shipping Broker
25 Jul 2016 Accra, Greater Accra, Ghana

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Total investments 50
Rounds per year 8.33
Peak activity year 2016
Lead investments 2
Follow on index 0.03

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Swiftly

Delivery
Logistics
Sharing Economy
Shipping Broker
25 Jul 2016 Accra, Greater Accra, Ghana
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