NIGERIA – TalentQL, an African focused talent outsourcing and incubator company, has announced a successful raise of US$300,000 in a pre-seed funding round led by the Lagos-based investment firm, Zedcrest Capital.
The startup launched this month with plans to build a pipeline of quality talent for African companies as well as source and manage top local talent for leading international firms. Its model includes building talent campuses in less-crowded African cities with proximity to top tertiary institutions.
This news comes after the startup recently launched with a premise to hire, develop, and manage remote talent for global companies.
“African talents are undoubtedly competing favourably globally, and TalentQL’s work will expand the available talent pool to improve further Africa’s representation in the global technology talent space.”Adedayo Amzat – CEO, Zedcrest
“Our mission is to help progressive companies build solid remote teams and a pipeline of quality talent. This pre-seed funding allows us to kickstart this mission and we are convinced that what we are doing at TalentQL will change the African talent landscape,” said Adewale Yusuf, TalentQL’s chief executive officer (CEO).
“We believe that talent is Africa’s greatest export and as such needs to be developed and refined. With over 60 per cent of the Nigerian population being under the age of 25, there is no better place than this country to begin building a home for Africa’s top talent.”
The US$300,000 funding round is led by Zedcrest Capital and also includes local entrepreneurs and investors such as Kola Aina and Prosper Otemuyiwa. Zedcrest CEO Adedayo Amzat said his company was excited to be backing TalentQL, which becomes the 20th startup in its “Ventures at Zedcrest” initiative.
“African talents are undoubtedly competing favourably globally, and TalentQL’s work will expand the available talent pool to improve further Africa’s representation in the global technology talent space,” he said.
In 2019, Zedcrest Capital, primarily known as a securities trading firm, launched its venture investing initiative. Named Ventures at Zedcrest, the initiative was to allow the firm partake in pre-seed, seed and Series A investments of startups within the continent.