Accelerate Africa Unveils Inaugural Cohort of Trailblazing Startups

Accelerate Africa Unveils Inaugural Cohort of Trailblazing Startups

By Staff Writer, 07 June 2024

After four months of intense activity, Accelerate Africa, a groundbreaking accelerator program aimed at propelling early-stage enterprises across the African continent, has announced its first cohort of participants.

The brainchild of Iyinoluwa Aboyeji, founder of the Pan-African venture capital firm Future Africa, and Mia von Koschitzky-Kimani, a seasoned general partner, Accelerate Africa aspires to become the African counterpart of Y Combinator, a globally renowned startup accelerator.

Initially focusing on pre-accelerator programs to prepare founders for esteemed accelerators like Y Combinator and Techstars, Aboyeji and von Koschitzky-Kimani recognized the unique needs of Africa's startup ecosystem. This led them to establish an accelerator tailor-made for the continent.

The debut cohort of Accelerate Africa boasts a diverse array of startups hailing from Nigeria, Kenya, Egypt, and Eswatini. These startups span crucial sectors for Africa's advancement, including AI, cleantech, proptech, healthtech, autotech, HRTech, logistics, and fintech.

A highlight of the program will be a demo day hosted at the Lagos Marriott Hotel, where participating startups will showcase their innovations. Following this event, decisions will be made regarding potential pre-seed or seed investments for the startups, with investments expected to range between $250,000 and $500,000 from angel investors and venture capitalists.

Here’s a glimpse at the pioneering startups comprising Accelerate Africa’s inaugural cohort:

  • Afriskaut (Nigeria): Utilizing AI and data to unearth Africa’s top sports talent.
  • Agrails (Kenya): Harnessing AI to develop data systems addressing climate risks and opportunities across Africa.
  • Campus HQ (Nigeria): Simplifying workspace management for mid-to-large-sized teams.
  • CDIAL (Nigeria): Developing conversational AI fluent in African languages.
  • Checkups (Kenya): Providing affordable healthcare to underserved communities.
  • Flickwheel (Nigeria): Offering on-demand auto repair services.
  • Juiceme (Eswatini): Facilitating access to earned wages for blue-collar workers.
  • Messenger (Nigeria): Empowering delivery drivers through logistics solutions.
  • PipeOps (Nigeria): Providing cloud expertise to companies.
  • Settle (Egypt): Automating B2B payments for streamlined transactions.

With a mission to empower these ventures and cultivate a prosperous future for African businesses, Accelerate Africa is poised to make a significant impact on the continent's startup ecosystem.

Source: Tapiwa Matthew Mutisi / Innovation Vilage

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