Black Founders Fund Africa

Program Overview

Through the Google for Startups Black Founders Fund Africa, we are supporting early-stage Black-founded startups and startups that are benefitting the Black community on the continent. We want to bridge the existing fundraising gap for Black startup founders in Africa’s fast-growing technology landscape. This non-dilutive $3 million fund is allocated across a pipeline of 50 investable startups in Africa. The fund is open to all startups that meet the criteria, with priority given to Google for Startups Accelerator and Partner program alumni. This fund will be given along with mentorship support and Google platform credits to help the startups grow.

Eligibility Criteria:

A startup that is:

  • Headquartered in Africa or has a legal presence on the continent
  • Building for Africa and a global market
  • Creating jobs, has growth potential to raise more funding, and making an impact

With a founding team that is:

  • Diverse, with at least one Black C-level founding member
  • Directly supporting the Black community

Technical requirements:

  • Technology startups with a live product in market or business where technology is core to their ability to scale (not for consultancies or not-for-profits)
  • Compatibility with Google products—our products can accelerate their growth

Benefits

Each startup will receive either $50,000 or $100,000. Funding varies according to each startup’s product development stage, current needs, and how much they’ve already raised.

Who Should Apply

The Black Founders Fund is intended for startups with self-identifying Black leaders or companies directly supporting the Black community. We encourage established startups based in Africa who are seeking seed-stage funding to apply. Applications are open now through July 7, 2021. 

For more details and application: https://www.campus.co/africa/black-founders-fund/

You may also like...