Kenyan-raised American technologist, Erik Hersman has joined the world of venture capitalists as a partner at Savannah Fund, a seed investment fund focused on developing tech entrepreneurs in Sub-Saharan Africa.
The Fund specialises in $25,000 – $500,000 USD investments in early-stage high-growth technology (web and mobile) startups in sub-Saharan Africa.
Before now, Hersman has been an influential talker and doer in the African technology space having co-founded Ushahidi, a crowd-sourcing platform for crisis management as well as Kenya’s innovation hub, iHub, thus bringing together over 5,000 entrepreneurs, hackers, designers and the investment community.
He is also the founder of AfriGadget, a multi-author site that showcases stories of African inventions and ingenuity, and an African technology blogger at WhiteAfrican.com. A Senior TED Fellow and a PopTech Fellow, he is also a speaker and organizer for Maker Faire Africa.
Erik Hersman would be working alongside with Paul Bragiel and Mbwana Alliy, both experienced and technology savvy who have founded companies and are actively involved in angel investing and understand the Sub-Saharan African environment.
Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa, while combining capital with mentor networks both in the region and from Silicon Valley via a unique accelerator programme and a follow-on independent seed fund.
The fund is backed and supported by both local, regional and international networks of angels, venture capitalists.