Eghosa Omoigui – Venture Capitalist Focused on Technology
Eghosa Omoigui is a Nigerian venture capitalist with a focus on mobile and consumer internet investments including eCommerce, and media content.
Omoigui is also involved in cloud infrastructure and selected enterprise ventures in the field of semantic tech-based services and platforms, ambient awareness and smart data. He specialises in venture capital, private equity, treasury transactions, acquisitions and insolvencies and restructuring.
About Eghosa Omoigui
Omoigui is the founder and managing partner of EchoVC Partners, a seed and early-stage technology venture capital company with vested interests in sub-Saharan Africa and Silicon Valley. Prior to launching EchoVC, Omoigui worked at Intel for close to a decade where he focused on digital investment opportunities and platform-agnostic web services geared for consumers. His final role at Intel was as capital director for strategic investments, consumer internet and semantic technologies.
Eghosa Omoigui is based in Lagos, Nigeria and in Palo Alto, California, United States. He leads investments throughout Africa, the United States and India in a range of industries.
In 2010 Eghosa Omoigui was involved in raising $600,000 in the seed round of investment in Miso Media, a tech and music startup. He was also part of the investment team raising $1.5 million in the seed funding round of Retailigence, an online-to-offline marketing platform. In 2012 Omoigui was the lead investor in the Series A funding round of Graphscience, a Facebook ad optimisation platform. During this round, $2 million was raised. He was also the lead investor in the Series D funding round of Voxify, an enterprise software company that manages integrated speech solutions with the goal of automating client interactions at call centres.
Other companies Omoigui has invested in include:
- Friendsvow – a Lagos, Nigeria and Cape Town, South Africa-based social media platform that connects people with financial credit online. A total of $100,000 was raised for this project in a single round.
- 500friends.com – a Silicon Valley-based eCommerce company that provides next-generation loyalty marketing solutions to thousands of retail brands online. A total of $12,150,000 was raised for this project over four funding rounds.
- Life360 – A San Francisco and San Diego-based mobile app created to keep families close. A total of $74,000 was raised for this project over eight funding rounds.
- Gro-Intelligence – A New York City-based agricultural supercomputing company that cultivates opportunity through products that decipher data with visualisation and computational tools. The aim is to help financial institutions, the public sector and corporations to make informed decisions. A total of $3,500,000 was raised in one funding round.
The Financial Times reported on how Nigerian tech startups are thriving despite the challenges they face. Eghosa Omoigui was quoted in the article as he was speaking about his opinion of the state of true venture capital in sub-Saharan Africa. In 2019 Africa.com featured Omoigui in an article about eight business leaders from Africa and the UAE who are to mentor startups with high potential as part of the GBF Mentorship Programme.