#Techworld: Nigerian Multi-Millionaire Invests In American Startup

Nigerian multi-millionaire investor and philanthropist Tony O. Elumelu has been one of the foremost proponents for investing in Africa, but he just couldn’t pass on an opportunity to invest in one of America’s most promising start-ups.

He recently launched a $100 million program to support entrepreneurship in Africa and currently put an undisclosed sum into Silicon Valley-based mobile start-up Wonderloop.

Heirs Holdings, a Lagos based proprietary investment company, has committed the seed investment into Wonderloop, which has a sort of ‘LinkedIn for video’ platform.

Founded by Norwegian entrepreneur Hanna Aase, the Wonderloop iPhone app allows people connect through short 10 to 15 second video profiles, replacing the static images and bios of traditional social networks.

He also revealed that plans are in action to invest in over 10,000 start-ups.

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About Unknown

Deji Sadiq, a.k.a DEJI OF LAGOS is a LASU trained Economist turned freelance journalist, a Blogger, an information strategist, a public affairs analyst and a committed activist with a passion for equal opportunities.