Village capital, a non-profit organization that funds early stage ventures, has launched a $13.2 million peer-selected Venture Capital fund.
Village Capital made the announcement over the weekend, at the Global Entrepreneurship Summit in Nairobi Kenya. The fund is targeted at making 100 investments in 75 peer-selected companies all over the world during the tenor of the fund.
“Within our $13.2 million in commitments, we’ve added a great group of new investors who are committed to our goal of democratizing entrepreneurship.” Village Capital said. “VilCap Investments’ democratized process enables opportunities for entrepreneurs everywhere, for us, this was not prescriptive — when entrepreneurs have control over the resources of the future, the process creates a level playing field for all.”
The new investment commitment according to the company is coming on the back of the partnership with Jim Sorenson, an impact investor and Chilton Capital Management, a US based investment advisory.
Village Capital was launched in 2009 with the goal of democratizing entrepreneurship. It recently announced the winners of its FinTech and Agric-focused accelerator programme, which it conducted for startups across East Africa.
Image: Village Capital