WHY APPLY?

R17 was founded by Olugbenga "GB" Agboola. GB is the Founder and CEO of Flutterwave and has invested in over 60 African founder lead technology companies such as Vesti, Klasha, AltSchool, LemFi, Affinity Africa, and many more top tier startups.

The Advisory team, led by Hasan Luongo, General Partner, have built and scaled multiple companies with +$1 billion valuations and millions of customers. We have a blend of technologists and business specialists to help startups build fast and grow fast.

If you’re ready to give it your all and aim to make a massive impact globally, we’re here to back and support you.

FREQUENTLY ASKED QUESTIONS

Do companies receive funding from R17?

Yes! R17’s invests $25,000 upfront in all accepted companies, and up to $175,000 more in two (optional / not guaranteed) subsequent rounds for a total of $200,000.

What are the investment terms?

The investment framework is structured through three Simple Agreements for Future Equity (SAFEs). Acceptance of SAFE 1 grants Resilience17 the rights to invest up to $200,000 for 10% equity in the company.
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SAFE 1: $25,000

Acceptance of SAFE 1 includes agreement to subsequent investments up to $200,000 total, at a $2,000,000 valuation cap.
SAFE 1 funds will be transferred to the company at Kickoff Week.

SAFE 2: $50,000 - $75,000 (optional)

‍Consideration for SAFE 2 happens after Demo Day providing a quick capital boost to support growth.
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‍SAFE 3: Up to the remaining balance of $200,000 (optional)

SAFE 3 will be invested during any subsequent external fundraising rounds of $250,000 or more, to help you scale your operations.

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The decision to invest beyond SAFE 1 is at our discretion and is not promised or obligated.
If no additional investment is made after SAFE 1 ($25,000), upon a conversion event, such as when the company raises a priced equity round (usually Seed to Series A), or is acquired, the SAFE would convert to Preferred Shares equal to 1.25% of the total company equity.

Any investment amount above $25,000, up to $200,000, converts to equity based on the $2,000,000 valuation cap.

Who is Resilience17?

Resilience17 is a venture fund and studio on a mission to accelerate African prosperity through technology entrepreneurship.

R17 invests at the earliest stage and through Series A. We partner with ambitious founders, with specific knowledge and insights, that aim to solve hard problems through technology.

The Studio focuses on building our own ambitious products, powered by a team of builders across engineering, product design and growth disciplines, stacked with local market context and deep global operating experience.

Can companies based outside Nigeria apply for Go Time AI?

The first edition of Go Time AI is limited to Nigerian-based companies. We hope to expand to other
key regions soon.

AI is a very broad category, what types of companies should apply?

Any company with AI at its core, or tools and infrastructure specifically designed for AI development. This is intentionally broad to be accessible to a wide range of products and ideas.

Can companies that have already raised outside funding participate?

Yes! Any company that has raised less than $500k in funding (debt and equity, including SAFES) is eligible.

Go Time AI

What you will get

HEAR FROM GO TIME’24
FOUNDERS

As featured in

Key Dates

DEMO DAY HIGHLIGHTS

WHY HERE - WHY NOW?

WHY APPLY?

FREQUENTLY ASKED QUESTIONS

Go Time AI

What you will get

HEAR FROM GO TIME’24 FOUNDERS

As featured in

Key Dates

DEMO DAY HIGHLIGHTS

WHY HERE - WHY NOW?

WHY APPLY?

FREQUENTLY ASKED QUESTIONS

HEAR FROM GO TIME’24
FOUNDERS