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Venture Capital
echovc.com

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Investments

27

Portfolio Exits

3

Funds

2

About EchoVC Partners

EchoVC Partners is a stage-agnostic technology-focused venture capital fund focused on financing and cross-pollinating leading technologies, teams and business models. The company was founded by Eghosa Omoigui.

EchoVC Partners Headquarter Location

6th Floor Suite 605 St James Court, St Denis Street

Port Louis,

Mauritius

230 211 6726

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Latest EchoVC Partners News

Kenyan startup KOSA AI raises pre-seed funding round to tackle “AI bias”

Jul 23, 2021

Kenyan startup KOSA AI raises pre-seed funding round to tackle “AI bias” Kenyan startup KOSA AI, an automated responsible AI systems platform, has raised an undisclosed pre-seed funding round to help it grow. Founded by Layla Li and Sonali Sanghrajka in Nairobi, KOSA AI enables organisations across healthcare, hiring and HR, credit and risk, and insurance to build or deploy more inclusive technologies. With companies across the world increasingly adopting AI solutions, a challenge to enterprise AI adoption is the limited in-house expertise to build and develop AI models, and manage data complexities. One consequence of this is AI bias – affecting large and small enterprises alike. AI bias is the manifestation of systemic prejudice and unfairness in the results of artificial intelligence algorithms. This can arise from incorrect training or real-world data that is used to develop the AI, or from the conscious or subconscious bias of developers creating the AI. KOSA AI helps solve this challenge, helping enterprises to detect, audit, and explain bias in their AI models – and then implement corrective steps to address or mitigate the bias. Additionally, the startup can support the enterprise in monitoring their AI models post-deployment for any drift towards bias. To scale its platform, the startup has raised a pre-seed funding round led by EchoVC Partners and also including APX, Dale Matthias, Fineday Ventures, TheContinent Venture Partners and Arch Capital. “We view KOSA as a multi-vertical, layered approach to participating in the AI sector. Our investment thesis is centered on backing two exceptional founders, tackling a difficult – yet inevitable – problem; in a massive opportunity set,” EchoVC said in a statement.

EchoVC Partners Investments

27 Investments

EchoVC Partners has made 27 investments. Their latest investment was in TRADE X as part of their Series A - II on August 8, 2021.

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EchoVC Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2021

Series A - II

TRADE X

$10M

Yes

Frontier Ventures, and University Growth Fund

3

8/11/2021

Series A

Pngme

$15M

No

Aruwa Capital Management, Dan Kahn, Future Africa, Hayden Simmons, Kyle Ellicott, Lateral Capital, Octopus Ventures, Raptor Group, Richard Talbot, The51, Two Small Fish Ventures, and Unshackled Ventures

10

8/3/2021

Seed VC - II

Wapi Pay

$2.2M

Yes

Kepple Africa Ventures, Klarna, MSA Capital, Nubank, and Undisclosed Investors

6

7/23/2021

Seed VC

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$99M

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10

2/11/2021

Seed VC - II

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$99M

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10

Date

8/30/2021

8/11/2021

8/3/2021

7/23/2021

2/11/2021

Round

Series A - II

Series A

Seed VC - II

Seed VC

Seed VC - II

Company

TRADE X

Pngme

Wapi Pay

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Amount

$10M

$15M

$2.2M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Frontier Ventures, and University Growth Fund

Aruwa Capital Management, Dan Kahn, Future Africa, Hayden Simmons, Kyle Ellicott, Lateral Capital, Octopus Ventures, Raptor Group, Richard Talbot, The51, Two Small Fish Ventures, and Unshackled Ventures

Kepple Africa Ventures, Klarna, MSA Capital, Nubank, and Undisclosed Investors

Sources

3

10

6

10

10

EchoVC Partners Portfolio Exits

3 Portfolio Exits

EchoVC Partners has 3 portfolio exits. Their latest portfolio exit was Frontier Car Group on October 09, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/9/2020

Merger

$991

1

00/00/0000

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10

00/00/0000

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10

Date

10/9/2020

00/00/0000

00/00/0000

Exit

Merger

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

10

EchoVC Partners Fund History

2 Fund Histories

EchoVC Partners has 2 funds, including EchoVC Pan-Africa Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/24/2014

EchoVC Pan-Africa Fund I

Early-Stage Venture Capital

$16.17M

1

EchoVC Alpha Seed Fund I LP

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$99M

10

Closing Date

10/24/2014

Fund

EchoVC Pan-Africa Fund I

EchoVC Alpha Seed Fund I LP

Fund Type

Early-Stage Venture Capital

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Status

Amount

$16.17M

$99M

Sources

1

10

EchoVC Partners Team

2 Team Members

EchoVC Partners has 2 team members, including current Chief Operating Officer, Amber Fowler.

Name

Work History

Title

Status

Eghosa Omoigui

Founder

Current

Amber Fowler

Chief Operating Officer

Current

Name

Eghosa Omoigui

Amber Fowler

Work History

Title

Founder

Chief Operating Officer

Status

Current

Current

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