Although funding has grown across Africa in the past few years, African startups still account for less than 1% of global funding
The continent has piqued the interest of foreign investors but a lot of them are not conversant with the nuances of the local environments
Highly driven entrepreneurs are coming up with innovative solutions to the continents problems but don’t have the financial support to develop and scale their businesses
Consonance supports preseed to Series A+ startups with funding to build innovative solutions to problems.
We provide USD funds
Portfolio company support
Early, Series A and Growth-Stage Investment
The best time to build a trusted relationship with founders
Provides the opportunity to partner with an entrepreneur tackling a problem that counts, within a large and profitable market
Allows you to build a strong foundation
Employ a Systems-Thinking / Full Stack Approach
Every opportunity is part of a larger system. Understanding the components part of the system reduces blind spots to profitability, and scale.
We prefer platforms. Given the unbuilt condition of many sub Saharan Africa countries, it’s the structure/ strategy best suited to scale.
Presence of a MOAT
Business models that create or fixes markets and value chains.
Businesses that meet a critical and fundamental need of society.
Control of distribution and/or supply chain.
Installed base of equipment/software.