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EchoVC Partners

Founders Eghosa Omoigui

Overview

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 45
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 41
Rounds per year 3.75
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.09
Exits 6
Key employees 1
Stages of investment
Seed

Areas of investment

  • Information Technology
  • Software
  • Transportation
  • Mobile
  • Financial Services
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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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Snowstorm

Information Services
Information Technology
Internet of Things
$3M19 Jul 2023 -

Pennee

Credit
Finance
Financial Services
$385K11 Apr 2023 Yaba, Lagos, Nigeria

Shuttlers

Information Technology
Ride Sharing
Transportation
$4M04 Apr 2023 Lagos, Lagos, Nigeria

Senga Technologies

Information Technology
Logistics
Transportation
09 Feb 2023 Nairobi, Nairobi Area, Kenya

Kukua

Content
EdTech
Franchise
Media and Entertainment
$6M29 Jun 2022 London, England, United Kingdom

ShopEX

E-Commerce
$400K06 Jun 2022 Lagos, Lagos, Nigeria

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
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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Total investments 45
Average round size 4M
Rounds per year 3.75
Peak activity year 2021
Lead investments 5
Follow on index 0.09
Exits 6
Group Appearance index 0.82

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Snowstorm

Information Services
Information Technology
Internet of Things
$3M19 Jul 2023 -

Pennee

Credit
Finance
Financial Services
$385K11 Apr 2023 Yaba, Lagos, Nigeria

Shuttlers

Information Technology
Ride Sharing
Transportation
$4M04 Apr 2023 Lagos, Lagos, Nigeria

Senga Technologies

Information Technology
Logistics
Transportation
09 Feb 2023 Nairobi, Nairobi Area, Kenya

Kukua

Content
EdTech
Franchise
Media and Entertainment
$6M29 Jun 2022 London, England, United Kingdom

ShopEX

E-Commerce
$400K06 Jun 2022 Lagos, Lagos, Nigeria

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
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