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LeadPath Nigeria launches $1.5m startup fund

Written by Jessica Hashemi Monday, 12 May 2014.

In a drive to bridge the gap between startups and corporations with market dominance in Africa, LeadPath Nigeria is hoping to corner the Nigerian seed capital market with its innovative new offering. The investor unveiled its new $1.5 million accelerator fund and startup workshop in front of hundreds of investors, entrepreneurs and developers at a recent convention in Lagos, paving the way for a deluge of investments.

shutterstock 159961910The accelerator fund is aimed at startups involved in mobile applications, electronic payments, big data and software applications. And according to founder Olumide Soyombo, "These products must be robust and scalable. We will also need the founders to have the right startup attitude, that is, ready to sacrifice and with the required staying power".

Since its inception on February 7th 2014, the accelerator programme has already drummed up plenty of interest and support. Startups have been eagerly pitching ideas, and many of Nigeria's brightest concepts, including homegrown Afriqbuy, are already enjoying the benefits of LeadPath's funding.

As the mobile and software industries continue to blossom in the African continent, its biggest economy is primed to reap the rewards. And with investors like LeadPath leading the way, we can expect to see big things from Nigeria.

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About the Author

Jessica Hashemi

Jessica Hashemi

Jessica Hashemi joined entrepreneurcountry in December 2013 as the content manager, after graduating from the University of Leeds with a degree in English Language and Literature. Her current responsibilities include managing the entrepreneurcountry website and online articles, as well as creating a weekly newsletter for investors and entrepreneurs.
Her main priorities are to search for, and find, unique and intelligent contributors, assisting them in the construction of informative and relevant articles as well as promoting them through social media channels.
With a background in writing, social media, travelling, and student led startups, Jessica occasionally contributes her own pieces to entrepreneurcountry as well as maintaining the site.



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