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

Read this next
More From TC

From Lagos to Dakar, conversations abound about the future of work and how innovation continues to disrupt what we think we know. New technologies like artificial intelligence and robotics still generate understandable uncertainty about what roles humans will be able to play in the labour force in another five years. Countries with very little investments […]

Business, Entrepreneurship, people
9th April 2019

Starting and running a business has some striking similarities to adventure games. The excitement and potential pitfalls against a background of courage that’s required when seeking adventure in games, remain principal ingredients to succeed as a founder, especially when it’s a ‘first’.

TechCabal is a Big Cabal Media brand

Copyright © 2019
All rights reserved

Privacy & Terms