HoaQ

HoaQ is a community-driven venture capital firm investing in early-stage African tech startups. Founded in 2020, HoaQ has rapidly established itself as a key player in supporting early-stage startups across Africa, particularly in Nigeria. The firm focuses on technology and tech-enabled businesses, aiming to build scalable economic infrastructure for Africa and its diaspora. HoaQ's investment strategy emphasizes backing founders with domain expertise and technical know-how who have achieved initial traction in large, defined opportunities. The firm has invested in over 120 deals, deploying a total of $4 million in capital, with a notable highest valuation of $96 million. Its portfolio spans various industries, including Fintech, Adtech, Logistics, Data, and AI. The firm's hands-on approach involves providing strategic guidance, industry connections, and ongoing support to fuel the growth and success of its portfolio companies. HoaQ's commitment to diversity is evident, with 30% of its portfolio companies led by female founders. The firm has also achieved significant milestones, including raising a $5 million fund to support early-stage startups and facilitating follow-on investments.

Founders with domain expertise and technical know-how, Initial traction in large, defined opportunities