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 at Ingressive Capital, a $10 Million VC Fund I and $50 Million Fund II targeting early-stage startups across Sub-Saharan Africa’s key tech markets.
Ingressive Capital Fund I has 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 portfolio companies are female-founded and 50% of companies are Y Combinator alumni. Maya and her team are building a pipeline from when a student thinks “I want to be in tech” to the time they IPO. As such, she co-founded Ingressive for Good, a 501(c)3 nonprofit focused on cultivating technical talent and resources for the African startup ecosystems; and founded Ingressive Advisory, a market entry/market operations firm that has assisted more than 50 international companies to enter and operate across Africa, and they’ve done a collective 60+ deals on the continent.
Many of these clients became investors in her fund, which has led to 80% of Ingressive Capital’s limited partners running their own later-stage fund, and providing companies with access to international capital. Maya launched the first female-owned tech fund in Nigeria and was the youngest person to launch a VC in SS Africa. She is a two-time Forbes 30 under 30 awardee (Africa ‘18 and VC ‘20), United Nation’s Most Influential Person of African Descent, Kauffman Fellow, and worked previously in private equity research and at JPMorgan after completing Cornell Prelaw Program and attending Pomona College. She has been featured in GQ, Forbes, Quartz, CNBC, TechCrunch, Financial Times, TechCabal, and The Economist, among others.