Africa’s entrepreneurial landscape is evolving rapidly, yet female founders face significant challenges in securing funding. Many struggle with investor biases, limited access to capital, and fewer opportunities to engage decision-makers in the investment space. Recognising this gap, Yemi Keri and Ndidi Nnoli-Edozien co-founded Rising Tide Africa, an all-female angel investor network committed to funding and mentoring early-stage startups, particularly women-led ventures. The aim is to change the narrative for women as capital allocators, entrepreneurs, consumers and stakeholders in Africa.
Breaking Barriers to Investment
Keri and Edozien, both accomplished executives and investors, have leveraged their extensive experience in the public and private sectors to drive change. Through the venture, they have built a robust network of female investors who provide capital and strategic mentorship, ensuring that women entrepreneurs receive the support they need to scale their businesses.
Unlike traditional investment firms prioritising later-stage startups, Rising Tide Africa focuses on early-stage ventures, offering critical funding during their most vulnerable phases. The organisation mobilises female investors, reducing reliance on male-dominated capital firms and ensuring that women-led startups have a fair chance at securing investment.
Impact and Investment Strategy
Rising Tide Africa has played a transformative role in Africa’s startup ecosystem by:
- Providing Access to Capital: The network’s collective investment approach reduces individual risk while amplifying impact. The average ticket size ranges between $50,000 and $200,000, with the most significant single investment recorded at $289,000. The organisation has invested approximately $2 million across 34 companies.
- Mentorship and Education: Rising Tide Africa offers workshops and investment programs that equip female entrepreneurs with essential financial and operational knowledge. Founders gain access to industry leaders, business partners, and investors who help position their ventures for long-term success.
- Encouraging Sustainable Business Practices: The network enhances startups’ appeal to future investors by promoting strong financial and operational frameworks, ensuring sustainable growth and scalability.
A Legacy of Female Leadership
Beyond Rising Tide Africa, Keri and Edozien continue to champion women’s empowerment in business. Keri founded Heckerbella Limited, a technology transformation firm addressing Africa’s digital challenges, while Edozien leads the Growing Businesses Foundation, a nonprofit dedicated to financial and digital inclusion.
Through Rising Tide Africa, these visionary leaders are financing female entrepreneurs and cultivating a new generation of women investors. Their bold moves reshape Africa’s investment landscape, ensuring that women play a central role in the continent’s entrepreneurial future.
