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Norwegian-based startup investment platform Pangea has announced the 11 startups from its Nairobi-based accelerator that stand the chance of each getting up to $50 000 in investment from selected international investors.
Pangea, which connects African startups with international investment and expertise, announced the startups in a post on its website last Friday (6 April).
The shortlisted companies are all participants of the platform’s 12-week accelerator programme, which Pangea has been running in partnership with Liquid Telecom and Strathmore University’s @iBizAfrica.
Investors who are interested in investing in the startups will have to undergo Pangea’s six-week long investment programme.
Of the 11 startups Pangea has shortlisted to receive funding, nine are from Kenya, while the other two are from Egypt and Nigeria
The majority of the startups are from Kenya (nine), while the two other shortlisted companies are from Egypt and Nigeria. The 11 were selected by a selection panel comprising of experts from Innovation Norway, BDO EA, Mastercard Foundation, and Longitude Finance.
Commenting on the panel’s selection, Innovation Norway marketing advisor Jane Save Ndungo said initially the panel aimed to select 10 companies, but ended up with 11.
“This is evidence that a good number of the startups made a strong business case. We were spoilt for choice,” Ndungo said in the statement.
Pangea CEO Jonas Tefu said he had “no doubt that investors will find good opportunities for investment based on the quality of businesses represented on the Pangea programme”.
Here are the 11
Tozzaplus (Kenya): Cloud business management tool for small businesses with an integrated accounting, invoicing, payroll, payouts, and customer relationship management modules.
Acacia Innovation (Kenya): Accacia Innovation supplies biomass briquettes to schools and small businesses. The startup also has an innovative “cookstove and briquette subscription model”.
Onesha (Kenya): Online marketplace for Africa’s top creatives where businesses get access to vetted and sorted pool of creatives in diverse categories who can deliver on specific tasks at the business’ budget.
Yusudi (Kenya): Learning programme which provides life skills development program aimed at enabling people to grow their career as employees or entrepreneurs.
Biasharabot (Kenya): Marketing tool which helps in handling customer queries, makes shopping and checkout process simpler, and also enables easy options for marketing.
Skolera (Egypt): Edtech platform which promotes full digitisation and distribution of resources, assessment, collaboration and communication, monitoring and supervision and finally reporting.
Lakeview Fisheries (Kenya): Lakeview Fisharies (LVF) has created a network of micro franchise fish vendors deployed in some of LVF’s 500 locations within Nairobi.
Sure Corporation (Kenya): Sure Corporation runs Safiri Express a pre-booked shuttle service in Nairobi.
HelpMum (Nigeria): Healthtech startup tackling maternal and infant death in Africa.
SaveKubwa (Kenya): A motor insurance platform.
Usalama (Kenya): Platform that connects users and emergency service providers (ambulance, security, police, road-side assistance) in a quick and efficient manner, through real-time user data and an integrated web-based back-end portal.