STOCKHOLM, SWEDEN – Zakaria Hersi, a distinguished Somali-Swede tech entrepreneur and angel investor, known for his visionary investments in the tech sector, has been appointed as the Investment Advisor to the United Nations Development Programme (UNDP). This announcement comes as a testament to his exceptional track record in fostering innovation and growth in emerging markets.
Hersi, the former Director of Africa for Truecaller, marked his prominence in the tech world by co-founding Framtid, a forward-thinking investment syndicate, alongside prominent industry figures. Hersi’s entrepreneurial journey garnered significant attention in the Swedish tech community, especially following his successful launch of a marketplace in Nigeria.
Framtid, co-founded with Nick Dahl, Spotify’s head of development strategy, Dara Gill, former Truecaller attorney, and Kim Fai Kok, Hersi’s ex-colleague from Truecaller, has quickly risen to prominence in the European investment landscape.
The syndicate specializes in identifying and nurturing high-potential entrepreneurs and businesses across Europe, India, and sub-Saharan Africa, with investments ranging from €20,000 to €200,000. This strategic approach has positioned Framtid as one of Europe’s most active investing syndicates, boasting a portfolio that includes some of the most dynamic startups in the region.
The portfolio highlights include Nothing, an innovative mobile phone manufacturer based in the United Kingdom. Nothing has made significant strides in the consumer tech industry, raising over $250 million from investors, including Google Ventures. Hersi’s involvement in Nothing marks his second venture in a billion-dollar company, demonstrating his keen eye for groundbreaking tech opportunities.
Since its inception, Nothing has disrupted the tech industry, selling over 2,000,000 units within three years and generating a revenue of $250 million. The company’s ambition to rival Apple’s ecosystem with a comprehensive range of products, including laptops, headphones, smartphones, and watches, showcases its commitment to innovation and excellence.
Framtid’s diverse portfolio also includes Validio, an automated data dependability platform backed by football icon Zlatan Ibrahimovic, and Qopla, a provider of advanced digital solutions for the restaurant industry. These investments underscore Framtid’s and Hersi’s dedication to supporting revolutionary ideas and technologies that have the potential to redefine industries.
Hersi’s appointment as the Investment Advisor to the UNDP is a significant milestone in his illustrious career. It not only acknowledges his exceptional contributions to the tech sector but also positions him as a pivotal figure in shaping the future of global development through sustainable and innovative investments.
Under Hersi’s guidance, Framtid is set to continue its trajectory of identifying and supporting transformative technologies and enterprises. His leadership and expertise will be instrumental in steering the UNDP towards impactful investments that align with the organization’s mission of fostering sustainable development and empowerment in communities worldwide.