Investment-One Venture Capital Limited is now financing Nigerian entrepreneurs proffering viable technology-enabled solutions/products via its second edition of Venture Quest. Venture Quest is their flagship call for investment proposals from entrepreneurs seeking financing for their early and mid-stage companies.
The VC via its Head, Mayowa Olugbade highlighted some requirements for ‘the ideal candidate’ but also encouraged those who do not meet the requirements to still go ahead and send in their applications
“The ideal candidate will be a company that has been in existence for a minimum of one year, with a product or service that has scaled the ‘proof of concept’ stage and has an experienced/strong Management Team. However, candidates who do not meet these requirements can still apply,” she said.
This edition is not constrained to any specific sector or geography, however there is a limited time schedule as the deadline for submission of proposals is the end of May.
VENCAP is a subsidiary of Investment One Financial Services Limited Group (Investment One). Investment One was established in 2008 as GTB Asset Management Limited, a wholly owned Asset Management subsidiary of Guaranty Trust Bank Plc, licensed by the Securities Exchange Commission (SEC) to provide wealth management, trust, securities brokerage and financial advisory services to individual and corporate clients.
Following GTBank‘s divestment in 2011, due to Central Bank of Nigeria’s (CBN) regulatory requirements, the Company’s name was changed to Investment One Financial Services Limited.
VENCAP invests in SMEs and also provides them with essential business support from the day of investment to the next 3-5 years when they exit.
“Our typical investment horizon is 3 to 5 years and our preferred exit is to the founders or current management. We succeed when the companies we invest in become successful companies that contribute to Nigeria’s GDP,” Olugbade disclosed.