Where is the money for Uganda’s tech startups?

Start ups at Design Hub. In 2020, startups failed to hit a billion dollar mark in disclosed funding. PHOTO/RACHEL MABALA

What you need to know:

  • Bankable idea.Ugandan startup founders operate in an ecosystem that does not receive as many investors as their counterparts in Nigeria, South Africa and Kenya.
  • But they should create bankable ideas that can gain the trust of earliest stage funders. 

Ham Serunjogi, and his co-founder of Chipper Cash had no networks. They relentlessly sent emails to investors but just a few were willing to give them an audience. Serunjogi shares his experience on what it takes raise venture capital for a startup.


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