Maya Horgan Famodu is the Founder & MD at Ingressive Capital, a $10 Million VC Fund I and $50 Million Fund II targeting early-stage African tech.
Ingressive Capital seeded some of Africa’s fastest-growing businesses, including Paystack (sold for $200M+ to Stripe); Mono (Series A led by Tiger and Y Combinator alum); Carry1st (Series A led by Andreessen Horowitz, Google, Riot Games & AET). 40% of the portfolio is female-founded and 50% are Y Combinator alumni.
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Biography
Maya Horgan Famodu is the Founder & MD of Ingressive Capital, a venture fund investing in early-stage startups across Africa. She has backed some of the continent’s fastest-growing companies, including Paystack (acquired by Stripe for $200M+), and Carry1st (funded by Andreessen Horowitz, Sony & Google), and Fund I has realized four acquisitions.
Ingressive Capital is disciplined in early stage, with 60% of Fund I entry valuation at or below $5M, and 50% of portfolio becoming Y Combinator alumn. The firm’s impact has led to ~40% female cofounders, and 100% of companies having indigenous equity owners.
Beyond venture, she co-founded Ingressive for Good, a nonprofit that has trained hundreds of thousands in technical skills, and Ingressive Advisory, that has facilitated 60+ deals and helped 50+ international companies enter Africa.
Maya was the youngest to launch a VC fund in Africa, and the first sole woman to launch a tech VC in Nigeria.
She is a two-time Forbes 30 Under 30 honoree, a Milken Institute YLC member, a UN Most Influential Person of African Descent, and a Kauffman Fellow. She has been featured in Forbes, TechCrunch, Financial Times, The Economist, CNN and many more.
Maya is committed to driving global investments into Africa’s tech ecosystem, and ensuring every African youth has the resources they need to build wildly scalable businesses.