An overview of how venture capital firm, Oui Capital invests • Techpoint Africa


After learning the ropes of financial due diligence and investments at Ingressive Capital, a pan-African venture capital company, Olu Oyinsan left his role as vice-president, Investments in 2018 to start a business, Yes Capital.

He had also previously worked in the early stage startup practice at Silicon Valley Bank.

Officially spear in January 2019, Oui Capital wanted to fill the funding gap for African startups by offering pre-series A funding.

While chatting with Oyinsan, who is the managing partner of the company, we focused on the venture capital firm as it provides information that will help many African entrepreneurs on their journey.

Tell us about the birth of Oui Capital

In 2017, more seed money was pouring into the tech ecosystem. However, we noticed that there was a lack of talent and experience to make capital more efficient.

After talking to a ton of founders in Africa about this gap, we decided to set up a founders support vehicle that consisted of both capital and access to high quality mentorship.

So I created Oui Capital in December 2018 with Francesco Andréoli, who is also very passionate about the African startup space. Some of our interactions revealed that there is a persistent disparity in the amount of capital available to prolific and high-growth startups in sub-Saharan Africa compared to other regions and, as such, we wanted to address this imbalance. .

What does venture capital investment mean to Oui Capital?

Venture capital investment for us means the unique opportunity to use capital as a tool for equity. We view every investment as an opportunity to allocate resources to the brightest founders who create the businesses most likely to have an impact on the African continent.

Who runs Oui Capital?

As founding partners, we both run Oui Capital.

How did Oui Capital start investing in startups?

We started investing almost immediately after the launch at the end of 2018. In the first quarter of 2019, we had already closed two investments in MVXchange and AWA Bike, two mobility and logistics companies. Currently, we have a portfolio of eight companies spread across Nigeria, Kenya, Zimbabwe, Mauritius and the United States.

Each VC has an eye or eyes in certain markets, please say which market is interested in Oui Capital and why?

The future is unmistakably African, and we are very happy to invest in African startups and tech companies that help propel this vision of an economically dynamic and sustainable continent.

Olu Oyinsan (Managing Partner, Oui Capital)

Although our focus is largely on Africa, we are open to investing in other emerging markets as well as in startups that harness scalable technologies on the African continent.

How do you determine that a startup is investable?

There are many things that go into deciding whether a startup is investable, but there are three main things that we look at as a fund.

Is the team passionate and skilled enough to make the vision a reality? Is the business idea strong enough to become a profitable business? Will the business generate a significant positive impact?

According to Oui Capital standards, what shouldn’t a startup do?

We believe that a startup should not build a product that it has not validated. You often see startups making large investments in building apps for products based on hunches or hunches, which leads these companies to be less capital efficient.

At what stage of growth do you usually invest in startups?

We are early stage venture capitalists and therefore invest primarily in pre-seed and seed rounds of businesses, preferably with valuations below $ 10 million.

What is the average size of Oui Capital banknotes?

The average size of our banknotes is between $ 60,000 and $ 70,000 for the first checks.

How does Oui Capital deal with bad investments?

We look at bad investment management in three different categories.

When we see a business in trouble, our first reaction is to give it whatever we can to help it get back on its feet, whether it’s business product development or financing.

The second thing is to be able to quickly identify a case that cannot be remedied and to stop channeling our resources in that direction; this helps us to be effective in our portfolio support strategy.

Francesco Andreoli (Founding Partner, Oui Capital)

Finally, the most useful result of an investment that has not gone well is the opportunity to learn from it, both for us as investors and for the founders. We document our lessons from bad investments to help us improve our process and sense of investing.

What business sectors interest you the most?

We are particularly interested in startups active in logistics, fintech, education and health.

What investment opportunities have you unfortunately missed out on and why?

Lately there have been some investments that the team had mixed feelings about and passed them on. However, it is too early to tell if these would be categorized as regrets, as it takes time for businesses to mature.

Which startups are currently in your portfolio?

We currently have a portfolio of eight companies which include MVXchange, AWA bike, TeamApt, Dr CADx, Quick, OK Hi, INTELLIGRA, and AMOpportunities.

How can startup founders reach you?

We pride ourselves on being fairly accessible. Founders can always complete the Pitch for Yes form on our website or connect with us through our social media channels. Alternatively, they can send an email to [email protected] айм на карту маэстро онлайнайм удобные еньгионлайн займ на карту круглосуточно

September 30, ask the Techpoint Africa team anything. Limited places available therefore reserve a place now.


Leave A Reply