![]() He is also the host of the Building the Future Podcast where he holds one-one-one conversations with entrepreneurs, innovators and thought leaders that are shaping the future of the continent. In 2012, he founded an on-demand food delivery platform which raised $1-million in seed capital and scaled across three cities in the UK. Olowoporoku left the company after he facilitated a strategic partnership with Just-Eat UK in 2015. Olowoporoku says he started his career as a research fellow on air quality and climate change in Bristol, England. ![]() The firm recently re-branded as Growthlab, an online membership growth programme with a co-working space in Lagos. Prior to joining Novastar, Olowoporoku founded Starta, a startup advisory firm for high-growth businesses in Africa. Here’s what they had to say.ĭotun Olowoporoku is an associate director at Novastar Ventures, a VC manager with two funds investing in early and growth-stage businesses that address some of the biggest problems that the continent faces. Ventureburn tracked down a couple of venture capitalists who are active on the continent and asked them what they look for in tech startups, their investment philosophies and what they want you to know about them. Last year 146 African tech startups raised over $1.1-billion in equity funding, according to a report by French VC Partech Africa (see this story).Īs Africa’s VC sector continues to grow the amount of VC funding raised by startups this year is likely to keep growingĮven given the significant challenges that the continent’s VC sector faces - such as a lack of follow-on funding and angel investors - some have predicted that this year African startups could raise as much as $1.5-billion this year (see this story).
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