We invest in all sectors that are regulated in the country or market concerned.
No, it's an investment in SAFE (Simple Agreement for Future Equity) or any other equivalent of this instrument in local legislation, i.e. a future stake in the company's capital subject to pre-determined conditions.
If the name of your support structure does not appear in our list, choose “other” and indicate the contact person. The Fuzé team will contact the support structure and proceed with approval, or not, as the case may be.
No. However, Digital Africa may co-invest in future financing rounds via other investment mechanisms.
If one of the startups you support applies, Digital Africa may need the partner's opinion (which will be submitted via a specially designed evaluation grid) The partner's feedback is not a mandatory. By becoming a partner, you give your startups faster access to seed funding.
All startups are invited to test their eligibility online and submit their applications. However, only startups that are currently being supported or have just completed a support program will be given priority. The opinion of the support structure is essential for Digital Africa to be able to make a decision.
The first ticket, called the ideation ticket, is €20,000. The second ticket, known as the follow-up ticket, is €30,000.
It is possible to invest directly in a €50,000 or €100,000 ticket if certain conditions are met.
Several criteria are taken into account to assess the startup's eligibility.
For startups at the idea or MVP stage:
The company is less than 36 months old.
Company founded or co-founded by at least one national of an African country.
The startup has a tech component in its product or business model.
The startup has operations (cost or profit) in a French-speaking African country.
For startups that have already raised funds or recorded strong growth:
The startup has recorded significant growth or has successfully raised funds.
The startup has a tech component in its product or business model.
The startup has operations (cost or profit) in an African country.
The company is founded or co-founded by at least one national of an African country.
The fund will initially invest €6.5 million over three years.
No, Fuzé only targets Digital Africa's priority African countries, where funding for ideation is still underdeveloped.
A Fuzé partner is a startup support structure operating in one of the countries covered by Fuzé and which signs a partnership agreement (MOU) with Digital Africa. Through this contract, the Fuzé partner undertakes to:
Proposing startups to benefit from the various Fuzé tickets.
Rate all startups supported by the partner who have applied to Fuzé, using an evaluation grid proposed by Digital Africa.
Providing high-quality support for the startups financed.
Any startup support structure can become a partner by applying via our digital interface. The Fuzé team evaluates each candidate according to a number of criteria, including: track record, program quality (diversity of content, diversity of private or public partnerships, etc.), length of existence of the structure, geographical area covered.