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Nigeria’s Microtraction Launches Scout Program to Expand Their Investment Deals Across Africa

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Nigeria’s Microtraction Launches Scout Program to Expand Their Investment Deals Across Africa

Lagos-based early-stage investment Firm, Microtraction has launched a scout program that will empower venture-backed founders and operators to identify and invest in high potential startups across the African continent.

Through the initiative, scouts will be able to identify startups in their own local ecosystem, invest and support those companies with Microtraction’s financial & business capital.

“Our goal is to identify and invest in the very best founders regardless of geography. Africa has 54 countries with very diverse technology ecosystems each of which requires local network and insights to understand market dynamics and identify the best investment opportunities.” in a statement by Microtraction.

Read: In Brief: African EdTech Startups Invited to Apply For The Global EdTech Startup Awards 2019

The scouts:

  • can be ambassadors of Microtraction in their local ecosystem
  • agree, understands and is willing to support Microtraction’s goal, mission and thesis
  • are people-friendly, supportive, humble and empathetic
  • have a great eye for spotting high-trajectory individuals and high-growth companies
  • are well connected and deeply understands their local community/market

For one to qualify as Microtraction scout, they need to have some experience in at least software engineering, product design and branding, startup operations, community building, journalism and PR or growth hacking.

The scouts will gain from gain direct exposure and access to Microtraction’ s high-quality network of investors, founders, advisors, operators, and business partners among other opportunities.

Microtraction was founded in 2017 to be the most accessible and preferred source of pre-seed funding for remarkable African technology entrepreneurs and has to date invested in at least nine startups all in Nigeria.

Interested parties can apply here with the application deadline expiring in a month.

Image Credits: Microtraction

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CEO and Founder at Founder360° Magazine.

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