Rotilu, who has a background in computer science and has held various operational roles in tech companies, founded OpenseedVC with a vision of supporting operators with not only capital but also the support of a community of seasoned operators. The firm also aims to have a diversified portfolio, with a focus on diversification across geography, industry, and gender, striving for a 50/50 balance in co-founding teams.
Key takeaways:
- OpenseedVC, a new fund led by Maria Rotilu, aims to support startups in Africa and Europe, particularly those launched by experienced operators. The fund has reached the first close of its $10 million early-stage fund and plans to be the first check in startups across both regions.
- The fund will provide not only capital but also the support of a community of seasoned operators, which currently comprises more than 50 individuals. It aims to enhance the operator network in four key areas: software engineering, product, go-to-market, and people and talent.
- OpenseedVC plans to invest in at least 60 startups over the next five years, providing checks of up to $150,000 to startups focusing on commerce (including B2B software, AI, and fintech), productivity, and digital health.
- Rotilu, who has a background in computer science and experience as an operator and investor, aims for a diversified portfolio, with a focus on diversification across geography, industry, and gender. The fund will actively look to support startups led by female operators and strives for a 50/50 balance in co-founding teams.