CeedCap has announced its official membership of the Global Startup Studio Network (GSSN), a network of venture builders, giving startups the power to create and grow powerful businesses and make a meaningful impact wherever.
This milestone is a major move for CeedCap on its mission to become Africa’s leading venture builder and impact investor. CeedCap’s goal is to create 500,000 jobs across Africa by 2050 through digital innovation and impact investing in remarkable entrepreneurs with ambitious and sustainable ideas.
Startups in Africa are growing at a rapid pace. Despite the recent successes and heightened global recognition, a lot of entrepreneurs still struggle to appropriately execute their ideas. A majority of startups still identify poor execution, limited funding, and market access as the primary drivers of most failed innovative ideas.
“The studio model of building and launching new ventures has been around for a while, but has not been standardised. Becoming a GSSN Studio means we—like other studios—work to achieve the gold standard of building and launching more successful impact startups across Africa,” said Kessiena Majemite, founder & managing partner at CeedCap.
GSSN provides the highest quality support to studios and their founders, leading to incredible outcomes for startups across the globe. Best known for achieving local impact and global reach, GSSN Studios represents true leadership in the global industry.
“GSSN is not for everyone, and rightfully so. GSSN Studios represent the world’s most respected studios as well as some of the most inspiring pioneers working to grow startup ecosystems in unexpected places. And this credibility benefits us all,” said Nick Zasowski, director, GSSN.
CeedCap is the first startup studio in Africa to be named a GSSN Studio.
This membership gives CeedCap startups access to a number of opportunities.
It provides access to a community of investors interested in investing in both studio funds and startups raising capital within the studio. It creates a platform providing connections for portfolio companies out of GSSN Studios to GSSN’s relevant corporate partners. It also encourages exclusive shared practices.
Also, startups in CeedCap’s portfolio have an opportunity to visit any GSSN Studio or GAN Accelerator (GSSN’s sister community) in the world for up to two weeks. It equally enables CeedCap’s startups to request mentorship or funding from the GAN Venture Fund, an early-stage investment vehicle.
“Our vision at CeedCap is to develop a framework for entrepreneurs to build sustainable ventures by providing the human and financial resources, as well as offer early-stage investors a vehicle to diversify and de-risk their portfolios,” Kessiena Majemite further said.
“At CeedCap, we believe digital inclusion through early-stage investment is a channel to unlock next-generation opportunity and bridge the poverty gap for African.”
CeedCap is a startup studio that recruits and invests in African entrepreneurs with ambitious and sustainable ideas for the continent. The company aims to contribute immensely to the startup ecosystem in Africa through early-stage investments, technical assistance, capacity development, startup investor readiness, and policy advocacy in support of the tech and impact investing sector.
ODINAKA ANUDU
