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VC Nest sets up Nairobi shop to grow tech startups in Africa

Vince Matinde | July 30, 2015
Hong Kong venture capital firm Nest launched in Africa two weeks ago with an eye out for investment opportunities in Kenya, Nigeria and South Africa. In a market that is seemingly bubbling with ideas for solving problems facing the continent, the investor is looking for startups that are ripe for development and can scale.

That said we typically invest technology companies in the health tech, fintech and smart cities/Internet of Things sectors and we believe this niche is well aligned to the needs and demands of the African market.

4. Everybody is talking about funding, but how important is mentorship in growing business from startups to enterprises?

Fu: Far more valuable than mere funding, Nest provides mentorship, advice, space to develop ideas as well as access to shared legal and accounting experts so they can focus on developing their products and growing successful businesses.

Through sharing knowledge and experience, providing access to funding and making introductions to successful entrepreneurs, Nest supports startups on their path to success and enables them to scale rapidly. Our core focus and overriding mission will be to connect the region's most promising entrepreneurs with Nest's proven startup eco-system through the pillars of marketing, strategy, funding and network.

5. What are your next steps in engaging startups and business in this region?

Fu: We are already supporting Creative Fish, the winner of StartUp Weekend Education in Nairobi, with both digital marketing capabilities as well as access to our global investor and mentor base when they are ready. Their product, Pi-kuza, is putting offline content in your home and school with the cool Raspberry Pi.

Nest is launching a monthly series of fireside chats and a showcase aimed at sparking disruptive ideas and great conversations centered around "What Next" in Nairobi.

We have more events and programs in the pipeline, and we invite ambitious startups, investors and corporates to collaborate with Nest to spur innovation and accelerate businesses in the region.


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