EchoVC Partners

EchoVC Partners LLC is a venture capital firm based in Lagos, Nigeria, specializing in seed and early-stage investments across various sectors. The firm focuses on internet technologies, including smart graph platforms, consumer internet, media, smart data applications, and enterprise solutions. It also emphasizes investments in e-commerce, digital media, and underserved entrepreneurs in North America, Africa, and Southeast Asia. EchoVC Partners aims to finance innovative teams and business models, with an average investment size ranging from $25,000 to $20 million, tailored to the specific needs of the businesses it supports. Its approach is stage-agnostic, enabling flexibility in funding opportunities while targeting high-potential markets and technologies.

Tsendai Chagwedera

Associate Principal and Regional Head, East Africa

Eghosa Omoigui

Founder and Managing General Partner

Past deals in West Africa

MarketForce

Seed Round in 2020
MarketForce is a technology company based in the US, Kenya, and Nigeria, focused on creating a comprehensive SuperApp for Africa's merchants. Through its B2B commerce and fintech platform, known as "RejaReja," it enables over 200,000 merchants across Sub-Saharan Africa to digitally source and order inventory, make payments, and access financing. The platform also allows merchants to generate additional income by reselling digital financial services, including airtime and bill payments. Founded in 2018 and supported by Y Combinator, MarketForce operates in five markets and employs an asset-light business model. Additionally, it offers tools for sales and distribution automation, empowering field agents to efficiently record activities and collect data in real-time using mobile devices. This integration enhances the overall efficiency and productivity of businesses in the region.

NextCounsel

Seed Round in 2019
NextCounsel Limited is a legal technology company based in Lagos, Nigeria, founded in 2017. It specializes in developing practice management solutions for law firms and organizations, aimed at enhancing operational efficiency and productivity. The company's platform encompasses various features, including case management for organizing contacts and information, a time and billing solution for managing matters and cost entries, and a document management system for profiling and assembling documents. Additionally, it offers an accounting module to facilitate the generation and printing of invoices, as well as human resource information systems. By providing these comprehensive tools, NextCounsel empowers legal professionals to streamline their operations and strengthen the overall legal ecosystem.

Hotels.ng

Venture Round in 2019
Hotels.ng is an online travel agency specialising in hotel bookings within Nigeria.They allow clients to book hotel rooms online, provide comprehensive help and support to their clients and make the hotel booking process smooth and easy. They also provide hotel recommendations and reviews, making sure that their clients stay in good, clean and safe hotels all over the country.

Easyshop Easycook

Seed Round in 2018
Easyshop Easycook Services Limited Is A Proudly Nigerian Domestic Outsource Company That Specializes In Shopping Services. They Provide Customized Domestic Solutions To The Working Professional Who Otherwise Cannot Meet Up Due To Work And Timing Challenges.

MyPadi

Seed Round in 2018
MyPadi.ng is a leading platform in Nigeria that connects students with off-campus hostels and potential roommates. It offers a comprehensive real estate solution by providing detailed information from verified landlords, including photographs, video tours, pricing, and roommate profiles. This allows students to access essential data about available accommodations near their schools and colleges, making the search for suitable housing more efficient and informed. By centralizing this information, MyPadi.ng addresses the needs of students seeking off-campus living arrangements.

LifeBank

Seed Round in 2018
LifeBank is a healthcare platform based in Lagos, Nigeria, that specializes in the delivery of critical medical supplies to hospitals and blood banks across Africa. Founded in 2015, the company offers a marketplace through its application, enabling clients to efficiently source blood and medical products necessary for patient care. LifeBank's services include a blood donor database that encourages community members to donate blood and a logistics system designed for timely delivery of essential items such as blood, oxygen, and medical consumables. This platform supports healthcare facilities in accessing vital resources, thereby enhancing their capacity to respond effectively during emergencies.

Cars45

Series A in 2017
Cars45 is an online platform that simplifies the buying and selling of pre-owned vehicles in Nigeria. The process begins with vehicle owners submitting their car information for a free quote online. They can then schedule an appointment at one of the company's inspection centers, where a comprehensive evaluation of the vehicle's condition is conducted, including assessments of the engine, brakes, tires, and a road test. Following this evaluation, Cars45 makes an offer to the owner, and if accepted, guarantees a wire payment to the owner's bank account within 45 minutes. After pricing the vehicle and creating a digital service history, Cars45 provides the acquired cars to a private network of buyers, ensuring a transparent and efficient transaction process.

Riby

Pre Seed Round in 2017
Riby is a finance technology company based in Lagos, Nigeria, that offers a digital finance management platform tailored for cooperatives, trade groups, associations, and micro and small businesses. The platform facilitates the creation and management of bank or mobile money accounts, providing users with access to essential financial services. By collaborating with banks and payment processing firms, Riby assists middle to low-income earners in automating savings processes, securing collateral-free loans, and making payments through various efficient channels. This comprehensive approach enables clients to effectively manage their finances and enhance their growth potential.

Printivo

Seed Round in 2015
Printivo.com is disrupting the Nigerian printing industry through its efficient printing expertise, wide range of design templates and the reach of the internet. Printivo is an online print provider that provides its customers with free templates created by designers across Nigeria. Printivo aims to help Nigeria business print marketing and business materials with ease.

Hotels.ng

Seed Round in 2015
Hotels.ng is an online travel agency specialising in hotel bookings within Nigeria.They allow clients to book hotel rooms online, provide comprehensive help and support to their clients and make the hotel booking process smooth and easy. They also provide hotel recommendations and reviews, making sure that their clients stay in good, clean and safe hotels all over the country.
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