PULASPACE YEAR -END MEMO
Hello and welcome to Pulaspace’s 2022 end-of-year memo.
I opted to publish a memo instead of a report to make this note feel more personal to my investors and relatable to all our partners across the world. Thank you for sticking with us this year — see you in 2023 🎆
Pulaspace is a holding company comprising Pulaspace Capital and Pulaspace.com. Pulaspace capital is a seed stage micro-venture capital fund focused on African tech startups while Pulaspace.com is a plaform that connects startups with investors for funding opportunities. Pulaspace was founded by Mooketsi Bennedict Tekere and with co-founder Jayren Teo from Singapore.
Current State
Pulaspace.com has a Mobile App (available on Google App Store) with a waitlist of over 400 investor ready startups and 100 investors. The startups have been sourced by active inbound from Venture Scouts/Analysts in the South and East African startup ecosystems, as well as organic inbound through the website.
Pulaspace Capital is in the process of raising a US$10 Million fund to set up operations and commence fund disbursement to startups in East, West and Southern Africa.
Investors consistency
A renaissance is underway that will bring the change that is needed to support new digital technology startups in Africa. It started with tech entrepreneurship preaching, and it is now expanding to venture capital through local investors, high networth individuals, family offices in geographies in Africa and connected to global investors and partners- this is the why of Pulaspace.
Going forward, investors will be betting on disruptive startups via Pulaspace + Pulacapital, the firm, to put their money to work across the entire spectrum of tech in Africa. Pulacapital will choose how much goes into early-stage start-ups, more mature businesses, secondaries, East, West and Southern Africa deals.
The Incredible Global Pulaspace Team
Iyke, Ernest and Alex- based in Nigeria. Simba and Varaidzo based in Zimbabwe. Udo and Musafiri based in Rwanda. Mooketsi , Arabang and Pearl based in Botswana. Jayren based in Singapore
With deep gratitude to all of you continue to help make the Pulaspace vision possible in 2022.
A Message of Hope for 2023
2023 is the year that pulaspace’s magnet with venture capital will go live. Thriving startups and investors will emerge from cities everywhere connected by https://pulaspace.com/ . More African startup success stories will come from new parts of the world, like Botswana, Rwanda, Zambia, Zimbabwe, Lesotho, Angola, Namibia and South Africa. This pulaspace investment fund will help back startups in the countries that are solve global challenges by mission-driven entrepreneurs. Our fund will also help fund startups in smaller geography countries in Africa to leapfrog through tech-innovation.
Our Message from Investors and to our Startups
“Give Value and You’ll be Valued” — Jayren Teo
“Always be present and act with intention” — Neo Nwako (Investor)
“The opportunity to serve our burgeoning technology ecosystem by mobilizing $200 million dollars in follow on capital for bold and visionary entrepreneurs building businesses to grow Africa’s digital economy. Who could have imagined in 2014 that in just 8 years by the grace of God we could have built against all odds a formidable billion dollar technology ecosystem out of Africa” — Iyinoluwa Aboyeji
The time is now to get involved in Pulaspace. Pulaspace is the NEW frontier for startups and investors in Africa- Join us NOW https://pulaspace.com/.
