Opportunities
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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EUR 200 mln program budget
FMO Ventures Program provides investment capital to start-ups, scale-ups, and venture capital funds across Africa, Asia, and the European Neighbourhood. The program has a EUR 200 million budget over a 4-year investment period, with existing data indicating typical ticket sizes of $5 million-$15 million. Direct investments target early-stage growth companies in fintech, energy access, and agritech at Series A/B stage, while fund investments focus on VC funds active in Series A/B/C with co-investment potential.
Investment capital
The FMO Ventures Program has a EUR 200 mln budget with a 4-year investment period.
Financing products
Products include (preferred) equity, convertible (bridge) notes and technical assistance.
Networks and sector expertise
Investees benefit from FMO’s networks and sector expertise.
Technical Assistance Facility
Provides direct investee companies and funds with expertise to improve business operations, invest in inclusive business models, and support a vibrant start-up environment in the regions where the program invests.
Investee Strengthening
Increase capacities on topics related to ESG, sustainability, impact and inclusive business support.
Entrepreneurial Ecosystems Building
Works with key stakeholders supporting early-stage ventures and others to further develop the venture capital industry across emerging markets.
Community Engagement
Brings entrepreneurs together with investors, partners and other stakeholders through thought leadership and industry events.
Fintech
Direct investments target start-ups active in the Fintech space.
Energy Access
Direct investments target start-ups active in the Energy Access space.
Agritech
Direct investments target start-ups active in the Agritech space.
Early-stage companies in growth phase and venture capital funds investing in Africa
Technical assistance, policy support, co-investment facilitation
Long approval timelines. Heavy documentation requirements. May require government co-sign.
For direct investment, applicants should show clear fit with fintech, energy access, or agritech and demonstrate that they are at Series A/B stage with room for follow-on rounds. A local, regional, or international lead investor is required for direct deals, so the strongest path in is to approach FMO Ventures as part of a co-investment round rather than as a solo investor.
2019
Active Since
Yes
Deploying
Multiple development projects and fund commitments