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Newly Established Venture Capital Company Seeking Loan in Detroit, United States

Emerging VC firm with 6 clients looking for secured financing for expansion.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Venture Capital
Locations  Kampala + 1 more
Local Time 4:55 AM America / Detroit
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 7 million for 10.0% annual interest, 1 year (Native Currency: USD 7,000,000)
Reason: We are looking for private financing of $7M secured in the form of bank-backed promissory notes to f... View More
Collateral Available: USD 7 million
Interested to connect with advisors
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Business Name
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Business Overview

- Company registered in Michigan and Uganda specializing in providing management and financial services to clients.

- In our first year we have supported the development of 6 key businesses in the East Africa region.

- One of our businesses has secured a license for exclusivity to produce hemp homes and products in Uganda using proprietary technology to develop organic building materials.

- Entered into a 5-year exclusivity agreement with a World Food Programme 5 year preferred vendor with 40,000 MT in staple food deliveries.

- Secured 25% ownership in an up-and-coming fintech platform that received more than 50,000 organic mobile app installs in less than 180 days with 225% month-on-month growth.

- Negotiated JV relationship with the owner of 500,000 tonnes of gold tailings in Tanzania with an average gold grade of 1 gram per tonne.

- Developing a web-based on-demand retail management mobile application inclusive of user shopping with a built-in mobile wallet.

- Arranging a government approved 10 MW geothermal power plant under a 30-year power purchase agreement with the Republic of Uganda at $0.12/kWh.

- Promoter is a US citizen and he is currently in Uganda to grow the business.

- Right now we are creating relationships with businesses and we expect to start generating revenue by next year.

Products & Services Overview

Providing management and financial services to founders and projects including fintech, agribusiness, mining and renewable energy.

Assets Overview

The business currently doesn’t own any assets.

Facilities Overview

The business is run virtually from the US and East Africa with plans to open offices in Kampala, Uganda and Dar es Salam, Tanzania.

Recent Activity
  • 2 weeks ago
    CEO, Milan, Financial Consultant connected with the Business
  • Earlier than 15 days
    CEO, New York, Financial Consultant connected with the Business
  • Earlier than 15 days
    Director, Rome, Business Broker connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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