VC Partner @ Aduna Capital in Nigeria

Aduna Capital is an impact venture capital firm dedicated to transforming the African tech ecosystem. With a $20 million fund, we are committed to discovering and nurturing early- stage tech-enabled startups within underserved regions in Africa, including Northern Nigeria, Ghana, Senegal, and Gambia in West Africa and Tanzania, Uganda and Rwanda in East Africa. In top investment hubs such as Nigeria and Ghana, Aduna is focused on secondary cities outside main investment hubs. With a focus on empowering female founders, our investments aim to unlock the vast potential of African entrepreneurs in these regions by fostering innovation and sustainable growth. Aduna Capital is more than just an investment firm; it’s an ecosystem of innovation and entrepreneurship

Our Mission:

Empower African innovators Drive economic development in underserved regions Foster sustainable growth through innovation and technology Create jobs and empower communities Close the female funding gap Align with United Nations Sustainable Development Goals

Our Vision:

Transform underserved regions into thriving hubs of innovation and economic growth Be recognised as the leading investment firm creating impactful change, empowering entrepreneurs, and enabling sustainable startup ecosystems

Employment Type: On a need basis (initially) transitioning to full-time once the fund closes Location: Remote with necessary travel for LP management

Role Summary:

We are actively seeking an Investment Partner to join Aduna Capital at the ground level. This role involves overseeing the identification, evaluation, and investment in impact-led, tech-enabled companies across underserved regions in Africa. The Investment Partner will make final investment decisions, build strategic relationships, support portfolio companies, and lead the investment team. Additionally, the role includes refining our investment approach with the General Partners, managing the mid and back end of the fund, and ensuring compliance through our third-party fund administrator.

Key Responsibilities

• Deal Sourcing and Assessment: Oversee the identification and evaluation of potential investment opportunities conducted by Associates and Analysts.
• Investment Decisions: Make final investment decisions and manage the full investment lifecycle, including sourcing, evaluating, and executing deals.
• Networking and Representation: Build and maintain strong relationships with startups, investors, and other stakeholders. Represent Aduna Capital at industry events and conferences.
• Mid and Back Office Management: Oversee drawdowns, manage distributions, and conduct ongoing valuations.
• Divestments and Exits: Manage the divestment process and successful exits of portfolio investments.
• Team Leadership: Lead and mentor a team of Associates, Analysts, and Interns, fostering a collaborative and high-performance work environment.
• Strategic Direction: Work with team to develop and refine Aduna’s investment focus

Requirements:

• Bachelor’s Degree: A bachelor’s degree in finance, economics, computer science, engineering, or a related field is required. A MBA or other advanced degree is a plus.
• Experience: Extensive experience in venture capital, private equity, investment banking, impact investing or development finance. History managing a fund at a country or regional level is a plus .
• Leadership: Proven experience in building and leading teams .
• Knowledge and Network: Deep understanding of the African VC and impact investing ecosystem with a strong network.
• Skills: Excellent analytical, negotiation, and transaction skills. Superior communication abilities.
• Tech Trends and Strategies: A deep understanding of tech trends, startup growth strategies, business models, and impact investing.
• Flexibility: Willingness to work remotely and travel as needed for business and portfolio management.
• Passion: Genuine interest in creating impact in underserved communities and closing the female funding gap.

Why Join Aduna Capital?

Foundational Role: Play a foundational role in a venture fund with ambitious goals to create impact in Africa. Dynamic Team: Be part of a dynamic team making strides in fostering economic growth and empowerment in underserved regions. Network Access: Access a broad network of entrepreneurs, investors, and industry leaders. Flexible Work Culture: Benefit from a flexible, part-time remote work culture focused on outcomes. Incentives: Receive equity with a competitive salary once the fund closes, including carried interest.

Encouragement to Apply

At Aduna Capital, we are committed to fostering a diverse and inclusive environment. We encourage applications from women and other underrepresented groups, even if you do not meet all the listed requirements. We believe in the potential for growth and value the willingness to learn, adapt, and innovate. Your unique perspective and experience are important to us.

Send your CV at hi@aduna.vc if you know anyone who is a fit for this role you can recommend them.