EchoVC Partners

EchoVC Partners LLC is a venture capital firm headquartered in Lagos, Nigeria, that specializes in seed and early-stage investments across various technology sectors. Founded in 2011, the firm is stage agnostic and focuses on internet-based technologies, including smart graph platforms, consumer internet services, smart data applications, and semantic technology. It also prioritizes investments in e-commerce, digital media, software, and enterprise solutions, with a particular interest in supporting women and underserved entrepreneurs. While EchoVC does not have a specific geographical preference, it emphasizes opportunities in North America, Africa, and Southeast Asia, particularly targeting underserved markets in these regions. The firm typically invests between $25,000 to several million dollars, depending on the specific needs of the business. By leveraging insights from Silicon Valley, EchoVC aims to foster local entrepreneurial ecosystems and support high-potential growth companies.

Tsendai Chagwedera

Associate Principal and Regional Head, East Africa

Eghosa Omoigui

Founder and Managing General Partner

Past deals in Kenya

Ando

Pre Seed Round in 2021
Operator of a cloud kitchen platform intended to build food brands for delivery. The company provides food via its in-house brands on its platform and also runs a dark-kitchen model for the delivery of its in-house menu, enabling food enthusiasts to select from a range of nearby restaurants and receive quick food delivery.

Wapi Pay

Pre Seed Round in 2021
Wapi Pay is a financial technology company that provides a payments gateway facilitating digital transactions between Africa and Asia through mobile money and bank accounts. Founded in 2019 and headquartered in Nairobi, Kenya, with additional offices in Africa, Singapore, and Beijing, Wapi Pay offers platform-to-platform integrations, global accounts, and virtual wallets. The company enables organizations to process bulk payments across multiple mobile platforms, catering to needs such as salary disbursement and business purchases. Wapi Pay's services are designed to be faster and more cost-effective than traditional telegraphic transfers, allowing customers to choose various payment methods, including bank-to-bank and wallet-to-wallet transfers. Its proprietary infrastructure ensures instant liquidity and compliance, with transaction completion guaranteed within 24 hours. The platform supports mass payments for corporate clients, merchant transactions for small and medium-sized enterprises, and peer-to-peer payments, positioning itself as a leading financial solution for cross-border payments.

MarketForce

Seed Round in 2020
MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.

Quickbus

Seed Round in 2020
QuickBus operates as an online marketplace ticketing system. QuickBus allows users to see reviews for different buses in Africa and book their seats online through its mobile application.

Lori Systems

Series A in 2019
Lori Systems Corp. develops, owns, and operates a logistics platform that helps to connect transport with cargo. It serves transporters and cargo owners. The company was founded in 2016 and is based in Nairobi, Kenya with additional offices in Mombasa, Kenya; Kampala, Uganda; and Lagos, Nigeria.

Cellulant

Series C in 2018
Cellulant Corporation develops and provides one-stop mobile payments platform for connecting businesses and governments in Africa. The company offers consumer payment, digital and neighborhood agency banking, and remittance solutions. It provides Mula, a payment platform; Agrikore, a blockchain based contracting and digital payment tool for agriculture sector; and Tingg, a solution for making and receiving card, bank, and bill payments. Cellulant Corporation was founded in 2004 and is headquartered in Nairobi, Kenya.

Ma3Route

Seed Round in 2016
Ma3Route is a mobile, web, and SMS platform that crowd-sources for transport data and provides users with information on traffic, matatu directions, and driving reports. It aims to make traveling easier in developing countries by democratizing timely transport information. The platform also hopes to bring sanity to the roads and inform city planning and transport regulation in emerging economies through the provision of transport data and trend analysis. Ma3Route was launched in 2011 and is based in Ngong, Kenya.
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