Less than $250,000
Social Venture Capital Fund (SOVEC)Social Venture Capital Fund (SOVEC) Contact: Damman Nordbeck
SOVEC (Social Venture Capital Fund I) is an investment fund set up by Dutch entrepreneurs to invest in small and medium sized companies (SME’s) in Africa. SOVEC Fund’s main objective is to stimulate sustainable economic growth in Africa. We strongly believe that this can best be realized by private sector development: i.e. investing in SME’s.
SOVEC supports local entrepreneurs by investing capital and adding value where possible. We always invest our capital in a joint effort with our Local Investment Partners (LIP’s). We add value by connecting our own network of entrepreneurs to the local SME’s (E4E). We achieve this by a three-pronged approach. We focus on providing growth capital to small and medium-sized enterprises, commit expertise and always invest with a Local Investment Partner (LIP).
SOVEC’s first fund is active in (West) Africa and currently has a focus on Ghana for its political stability and good economic development. We invest between € 50,000 and € 500,000 per company and provide both equity and debt.