New generation venture lagos

New Generation Ventures (NGV) is a Lagos-based venture capital firm that focuses on investing in early-stage startups in Nigeria and other African countries. Here are some key facts about NGV:

Mission: NGV's mission is to identify and support innovative startups that have the potential to create significant social and economic impact in Africa.

Investment Focus: NGV invests in startups across various sectors, including:

  1. Fintech: Financial technology and services, such as mobile payments, lending, and insurance.
  2. Healthtech: Healthcare technology and services, such as telemedicine, medical records management, and health insurance.
  3. EduTech: Education technology and services, such as online learning platforms, educational content, and educational software.
  4. Agritech: Agricultural technology and services, such as farm management, agricultural supply chain management, and agricultural finance.
  5. E-commerce: Online marketplaces, e-commerce platforms, and digital payment solutions.

Investment Size: NGV typically invests between $50,000 to $500,000 in each portfolio company.

Portfolio Companies: NGV has invested in several startups, including:

  1. Flutterwave: A fintech company that provides payment solutions for businesses and individuals.
  2. Andela: A talent marketplace that connects software developers with companies.
  3. Paystack: A fintech company that provides payment solutions for businesses.
  4. Kuda: A fintech company that provides mobile banking and financial services.
  5. TradeDepot: An e-commerce company that provides logistics and supply chain management solutions for businesses.

Team: NGV's team consists of experienced investors, entrepreneurs, and industry experts who have a deep understanding of the African startup ecosystem.

Partnerships: NGV has partnerships with several organizations, including the Lagos State Government, the Nigerian Government, and other venture capital firms.

Impact: NGV aims to create a positive impact in the African startup ecosystem by providing capital, mentorship, and networking opportunities to entrepreneurs. The firm also aims to create jobs, stimulate economic growth, and improve living standards in Africa.

Overall, New Generation Ventures is a prominent venture capital firm in Lagos that is committed to supporting innovative startups in Africa and creating a positive impact in the region.