Despite research showing that female founders outperform their male peers, startups with a solo female founder or an all-female founding team raised a mere 2% of all the funding in Africa last year. There is a huge gender funding gap. How do we close it?
This episode is the fourth of a five-episode series on gender lens investing, co-hosted by Eloho Omame, Founding Partner of First Check Africa, an early-stage fund backing female-led startups. Each episode of this series will explore a different level of the fundraising value chain.
The Mastercard Foundation Africa Growth Fund is a $150 million fund-of-funds initiative investing in twenty gender lens funds, with a particular focus on closing the financing and support gap for females.
And in this episode, we're joined by Sam Akyianu, Managing Director of the Mastercard Foundation Africa Growth Fund.
00:00 - Intro
01:54 - Investing $150m in 20 vehicles
08:06 - Fund evaluation & investment decisions
23:09 - Measuring success
31:25 - Overmentored and underfunded?
35:04 - Getting other LPs onboard
36:43 - A retrospective conversation with Eloho & Justin
In Episode 1 of this series, we spoke to the founders: Bamboo's Yanmo Omorogbe & Uncover's Sneha Mehta: https://theflip.africa/podcast/why-is-only-2-of-funding-going-to-female-founders
In Episode 2 of this series, we spoke to angel investor Yemi Keri, Co-founder of Rising Tide Africa: https://theflip.africa/podcast/this-angel-investor-is-closing-the-gender-funding-gap
In Episode 3 of this series, we were joined by the fund managers: Alitheia Capital's Tokunboh Ishmael & TLcom Capital's Andreata Muforo: https://theflip.africa/podcast/investing-in-women-is-an-economic-imperative
This series is created under the ScaleX project: Co-designing Solutions to close the early stage gender-financing gap in Africa, an initiative of Make-IT in Africa.
Make-IT in Africa promotes entrepreneurship and innovation ecosystems across Africa for green and inclusive development. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH implements this project on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
Our Links -
🔔 Youtube - https://youtube.com/@theflipafrica
💻 Website - https://theflip.africa
🐦 Twitter - https://twitter.com/theflipafrica
👥 LinkedIn - https://www.linkedin.com/company/theflipafrica
📸 Instagram - https://instagram.com/theflipafrica
The Future of Work Will Be Bootstrapped
Much Ado About the Media, Live from Lagos
Afrobeats, Basketball & Commerce
What We Get Wrong About Jobs in Africa
Unlocking Gender-Smart Capital At Scale (2X Global's Jessica Espinoza)
Investing in Women is an Economic Imperative (Tokunboh Ishmael, Andreata Muforo)
This Angel Investor is Closing the Gender Funding Gap (Rising Tide Africa's Yemi Keri)
Why is only 2% of funding going to female founders?
In Conversation with Aigboje Aig-Imoukhuede (Coronation Capital, Access Bank)
Norrsken22: Investing $205 Million into African Startups
How to Pivot with Union54's Perseus Mlambo
MTN Nigeria's Adia Sowho: Sharing Is A Must
Ham Serunjogi: How Chipper Cash is Surviving the Slowdown
Making Borders Matter Less with Onafriq's Dare Okoudjou
Investing in African Talent with YC's Michael Seibel & Microtraction's Kwamena Afful
Building a $1B Fintech in South Africa with Stitch CEO Kiaan Pillay
Olugbenga 'GB' Agboola: Hard-Earned Lessons Building Flutterwave
The Future of Work Won't Look Like a Job
The Role of Big Tech in the Future of Work
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
Habits and Hustle