Hux Ventures ends fund run, launches Venture Studio
- Hux Ventures is shutting down its venture capital fund after six years in Nigeria’s startup scene.
- The firm will now operate as a venture studio, focusing on building fewer companies with more direct involvement.
- Hux Ventures previously launched Hux Fast to support African startups with funding and mentorship.
The transition from a venture capital fund to a venture studio by Hux Ventures highlights a significant shift in strategy that may resonate with the current challenges in the startup ecosystem. This approach could lead to more sustainable startups, but it also raises questions about the long-term viability of venture studios compared to traditional VC models. Further exploration of this model's effectiveness in different markets would be beneficial.
