Prosperity Fund Fellow

About the

Harambeans are African innovators who have pledged to “work together as one” to build Africa’s future. Over the last decade, Harambeans have spawned a series of tech-enabled unicorns such as Andela, Flutterwave, andGo1, which have collectively raised over $2 billion from Google Ventures, CRE Ventures, and Accel.

Learn More About Harambeans

• Wharton Grads Lead Prosperity Fund

• Harvard Business School Case Study on Harambeans

• Stanford Social Innovation Review Case Study on Harambeans

About the Harambeans Prosperity Fund

The Harambeans Prosperity Fund is a rules-based, co-investment vehicle aimed at accelerating the growth of Harambean-founded ventures and enabling Africa’s prosperity. As of 2024, the Harambeans Prosperity Fund has invested in 15 Harambean-led ventures including Max.NG, Releaf, and Pezesha.

Role Description

The is seeking a Prosperity Fund Fellow to manage the rules-based system of the Prosperity Fund and deploy capital into ventures founded by Harambeans across Africa and sectors. You will be working with a lean, agile, and high-capacity team to manage deal flow and prepare investment memos for the Investment Advisory Committee, while refining the rules and documenting the evolution of our rules-based process. This is an exciting opportunity to shape the next chapter of the and enable its future success.

Responsibilities

The volunteer role requires 5 -10 hours a week, which includes weekly reporting and working calls.

Internal Administration and Coordination:

• Attending Weekly Prosperity Fund Check-In Calls. The Prosperity Fund team has one weekly hour-long check-in call on Wednesdays to review applications and discuss other processes. Preparation for these calls is done on Monday.

Assessing Investment Opportunities

• Assessing, reviewing, and synthesizing investment opportunities (Harambeans Prosperity Fund applications) against the Prosperity Fund Rules

• Analyzing cap tables to ensure sufficient investment has been made from reputable co-investors. This will include assessing the reputability of the co-investors

• Analyzing financial information to confirm that the requisite growth metrics have been met

• Assessing investment opportunities for impact against the SDG goals

Due Diligence and Deal Execution Support

• Executing due diligence analysis on investment opportunities, including collaborating with co-investors where necessary

• Handling correspondence with Prosperity Fund applicants and Co-investors after alignment with the team (e.g clarification of HPF Submissions)

• Researching and writing Investment Memos and drafting Board Resolutions for presentation to the Investment Committee and Board of Trustees when required

• Marketing the HPF opportunity internally for the benefit of Harambeans

• Provide post-investment support to HPF portfolio companies on a need basis

• Putting together the annual HPF Impact report

Thriving Within a Small and Dynamic Team

• Collaborating with the Harambe Dream Team to support the objectives of the fund

• Having the initiative and drive to work independently, but seeking input and guidance where necessary

• Attending the periodic (typically weekly) check-ins with the Harambe Dream Team on the Prosperity Fund to consider new and ongoing applications

Qualifications Required Core Qualifications

• 1-2+ years of combined experience in Venture Capital investing, consulting, or other relevant investment or commercial fields

• Graduate of a top college/university, degrees such as an MBA are helpful, but not required

• Technical and analytical expertise, with extensive experience in technology business development, venture capital, or executive leadership

• An ability to thrive in an autonomous environment with high levels of ambiguity and self-direction

• Highly effective interpersonal, verbal, and written communication skills

• Track record of sustained success

• A passion for enabling African success and a fundamental belief in the massive potential that the continent has to offer