Kudu Ventures, a United States-based venture capital firm, announced a female-focused investment fund. Kudu Ventures will invest one million dollars for Kudu Women, which will be led by Betelhem Dessie, project manager for iCog Anyone Can Code. The project is dedicated to investing the one million dollars in over 100 homegrown female startups within the next two years in East Africa. There are only a few female tech entrepreneurs in Ethiopia, which has population of over 50 million women, according to Noel Daniel, co-founder and managing director of Kudu Ventures. Recently, Kudu Ventures allocated 100 million Br for startups, of which five million Birr will go to iCog Labs to support the acceleration programme.
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