OpenseedVC, a venture capital firm aimed at empowering startup operators in Africa and Europe, has announced the first close of its $10 million early-stage fund. Maria Rotilu, General Partner at OpenseedVC, shared that the initial close has secured a significant portion of the target, with fundraising efforts ongoing. The firm expects to finalize the full $10 million within the next year.
Founded in 2024, OpenseedVC was established to address a critical gap for operators transitioning into startup founders. It provides early capital, strategic guidance, and access to an extensive network of over 50 seasoned operators. This network, made up of professionals with expertise in areas like software development, product design, market strategy, and talent management, aims to give startups a solid foundation for growth.
Rotilu emphasized the challenges faced by operators launching startups, particularly in accessing both capital and mentorship from experienced professionals. “When you’re supporting operators who’ve identified key problems and are ready to build, you often find they need both financial backing and expertise from those who’ve been in their shoes,” she explained.
The fund also boasts a diverse pool of limited partners, including tech entrepreneurs, traditional business leaders, and high-net-worth individuals from Africa, Europe, and the U.S.
Investment Focus and Strategy
Over the next five years, OpenseedVC plans to support more than 60 startups in sectors such as B2B software, artificial intelligence, financial technology, productivity tools, and digital healthcare. Each venture will receive investments of up to $150,000, with an open application process welcoming founders to apply directly—no referrals required.
Diversity is a cornerstone of OpenseedVC’s investment philosophy. The firm is committed to building a portfolio that spans geographies, industries, and genders. Rotilu highlighted the importance of supporting underrepresented groups, saying, “Our vision includes promoting gender equity within our portfolio, aiming for balanced representation in founding teams.”
So far, the fund has already invested in two promising startups, including a speech-to-text solution tailored to underrepresented accents, with a primary focus on African languages. The firm is also keen on ensuring more women-led teams benefit from its funding, further advancing inclusivity in the tech ecosystem.
