Fund

Nigeria Impact Startup Relief Facility (NISRF) Fund

Investor(s)

Company List

Currency

US Dollar

Committed Capital

USD0.000

Minimum Investment

USD5000.000

MaximumInvestment

USD20000.000

Investment Stage

Series A

Note

Will provide grants of between US$5,000 and US$20,000 to support applicants whose businesses are either being adversely affected or modified in response to COVID-19 for a period of six months. The facility will support impact-oriented startups that are at the post-MVP stage, are high-growth, and can demonstrate the scale of impact, amongst other criteria. 1- Be a company operating in Nigeria 2- The company is tackling an urgent social problem 3- The company is post-MVP, revenue-generating, registered with CAC 4- Can demonstrate solid financial health prior to the onset of COVID-19 (USD $60K ARR - 12 months period minimum) 5- The company has already received seed capital 6- Can demonstrate the scale of impact, or potential for future scale 7- Fall in any of these sectors: Agriculture, Critical Infrastructure, Financial Services, Health Care, Education, and with initiatives that target the informal sector. 8- How well you have optimised resources during COVID