Disclaimer

I am not an agent nor am I connected to this entity. The information provided below is independent and based on my research and experience. While I have taken steps to ensure the accuracy of the information presented here, I cannot guarantee that it will remain accurate.

Basic information

Target client of the fund: “Late start-up” companies or “early to mid stage” companies.

Sectoral approach: Small and medium-sized enterprises (SMEs) in various sectors with a focus on IT/telecommunications, healthcare and consumer goods.

Quantities Provided: 250,000 euros to 3 million euros.

Type of financing: risk capital (It means that instead of granting a loan, the fund takes a % of the shares of the target company)

Key criteria:

• Potential to be a top player in your field;
• Profitable in a sizeable/growing market over 5-7 years (exit period);
• Qualified and committed entrepreneurs backed by strong management;
• comply with ethical standards, have a good environmental policy and labor conditions;
• It will allow a seat on the board of directors of the fund, as well as their participation in the management.

More information:

Search online for fund information or call Tel: +254 (0)20 2019374

Who is behind the background?

Private investors and development finance institutions based primarily in Europe. The fund is managed by Nairobi-based TBL Invest LTD with a representative in Uganda.

What is the application process like?

1. Present business plan.Make sure it meets your key criteria;

2. Introductory meeting(s). If the fund likes the plan, the investor will meet with the fund team;

3. Condition sheet. A Document detailing the basic terms and conditions; Y

4. Due Diligence.This means that the fund “verifies” the information presented in the plan.

What are my points of view/advice to succeed in accessing the capital?

1.Equipment:Venture capital funds like TBL back “late start-ups” with a track record. Your key indicator is a good team with solid experience. If you don’t have in-house ability, have a professional accompany you.

2. Disruptive strategy. They are looking for a business that can quickly become number 1 or 2 in their respective field. It means having a strategy to go head-to-head with existing market leaders. The plan must clearly show how this will be accomplished.

3. Ethical model. Some of the fund’s key sponsors are in the Netherlands and this is the norm. Your plan should reflect these principles.

While I provide the tips above, you should keep in mind that some basic key information applies to all apps. This includes things like the plan includes an executive summary, is error-free, is in an easy-to-read format, and the like.

Otherwise, best of luck.