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Aduna Capital Sets Sights on Northern Nigeria with $20M Fund for Tech Startups, Prioritizing Female Founders 🇳🇬

Aduna Capital Sets Sights on Northern Nigeria with $20M Fund for Tech Startups, Prioritizing Female Founders 🇳🇬

#startup
#funding
#women
Unlocking untapped potential, Aduna Capital pioneers a $20 million Northstar Fund I to elevate Northern Nigeria's tech landscape, aiming to support 57 startups, with a notable focus on empowering female founders. Amid stereotypes hindering funding, this sector-agnostic initiative seeks to bridge gaps and foster innovation in an underrepresented region.

Abuja-based VC firm, Aduna Capital, led by Surayyah Ahmad, is spearheading a groundbreaking $20 million fund, Northstar Fund I, to boost tech startups in Northern Nigeria. Recognizing the challenges faced by the region's startups, particularly with a mere 6% securing funding, Aduna Capital aims to break stereotypes and provide financial backing. The sector-agnostic fund targets 57 startups, allocating 50% to female founders, with cheques ranging from $10,000 to $200,000 for early and growth stages. By collaborating with seasoned tech entrepreneurs, policymakers, and global partners, Aduna Capital aspires to catalyze growth and innovation in the often-overlooked Northern Nigerian tech ecosystem.


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