Investor Name
Khula Lula
Website
Fund(s)
Company List
Note
Acquiring the future is not only the company's slogan, but it is also a complete representation of Khula Lula's vision. If you think about where the world was a few decades ago, the biggest companies in the world today were either bankrupt, non-existent or trading for losses because of the dotcom bubble, very few foresaw where they would be now. And that is exactly the origin question at Khula Lula... How do we finance and own the next decade? The next disruptor? The next trillion dollar companies? We believe in the next few years innovations like the internet of things, robotics, virtual reality, machine learning, aerospace, nanotechnology and automation will become mainstream technology that forms part of the day-to-day running of every company and our personal lives. Our long term goal is to be at the forefront of funding and scaling startups that are owned and run by African women. To date through it's first investment Khula Lula has created 1 funding opportunity, 9 jobs and 3 commercial contracts for black women. At the inception of Khula Lula, it was important for us to create a space that would disrupt the status quo and the ideas around what venture capital looks like in Africa. We believe the mainstream approach to funding hasn't fully benefited black women innovators to an optimal extent; it has also created barriers to entry for young black investors that don't have access to deal flow and excessive capital. So we sat down and tested new metrics and methods to develop our investment strategy that would enable us to access the private equity space even with minimal capital. This is how we decided Khula Lula would be a hybrid microfinancing fund, that specializes in both angel investment and venture capital. In building our fund to date we have raised floating capital through bootstrapping and we're currently on the path of attracting LP's to invest. Funds that haven't been committed to startups for investment are held in fixed income securities and public markets. To date Khula Lula has made 9 public equity investments and 1 private equity investment in the technology sector.
Description
Asset Manager
Currency
US Dollar
YearFounded
0
Country
Unknown
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