GetEquity, a venture capital firm, has raised $100,000 in a pre-seed round to launch its startup funding platform
GetEquity, a venture capital firm, has raised $100,000 in a pre-seed round to launch its startup funding platform
Lagos-based GetEquity, a venture capital startup, has raised an undisclosed pre-seed round to fund the launch of its startup funding platform in Africa and emerging markets.
GreenHouse Capital led the round, which was also supported by several other investors. The exact amount of funding raised during the round has not been disclosed, but the company has stated that it is in the six figures.
Crunchbase reports that the company had already raised $100,000 in April prior to the round's close. This means that the total raise could be significantly greater than $100,000.
Along with the funding, the company will benefit from GHC's advisory services and direct mentoring from Bunmi Akinyemiju, Partner at GHC, and Ruby Nimkar, Principal at GHC.
Decentralising startup funding
GetEquity, founded in 2020 by Jude Dike and William Okafor, is redefining the venture capital and startup financing landscape with its first-of-its-kind venture funding platform, which enables individuals and institutions to purchase equity for as little as $10.
The startup, according to the founders, began operations in March 2021. Its mission is to bridge the divide between investors and entrepreneurs by facilitating access to global capital for African and emerging market startups.
Startups can list on the platform in order to market their products and services to institutional investors and platform users. Breeze, Onboardly, Nguvu Health, Fluidcoins, and WeMove Technologies are among the startups currently listed on the platform.
Using its GetEquity platform, the company hopes to begin democratizing access to startup funding and expanding the pie for previously underfunded and underserved startups with this latest round.
The platform is now available in Africa and other emerging markets via the web, Android, and iOS.
According to Dike Jude, CEO and co-founder of GetEquity, the company's mission is to challenge the status quo in startup financing and venture capital.
“GetEquity is upending the conventional wisdom surrounding startup financing and venture capital. We are democratizing startup funding, thereby increasing the pie for previously underfunded and underserved startups. This pre-seed round investment will enable us to launch our vision of Africa's largest startup financing ecosystem,” he explained.
Bunmi Akinyemiju, Founding Partner of GHC, believes that by increasing the visibility of African startups, GetEquity can help them raise larger investment rounds, close deals faster, and raise the overall international profile of the African startup space.
In conclusion
GetEquity's mission is to bridge the gap between founders and the funding they require by providing them with a diverse array of funding options.
According to the company, GetEquity is just the beginning. It plans to launch another product geared toward institutional investors and venture capitalists in the coming months.
