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Antler, a global startup generator and early-stage venture capital fund, has announced the names of the four startups it invested in during the programme’s inaugural Nairobi cohort.
The announcement was made at a demo day on Wednesday (12 February).
Through its venture builder programme, Antler selects bright and determined entrepreneurs and helps them to find the right co-founder.
The four each received an investment of $100 000 in return for a 20% stake in their respective companies, during the first six-month programme.
While Antler last month announced that it had invested in five startups (see this story), the organisation’s director Selam Kebede told Ventureburn today that Antler had in the end decided not to make one of the five investments.
Kebede did not reveal who the startup was or explain why the organisation opted to not invest in the startup in the end.
Antler has invested $100k for a 20% stake in each of the four startups that were formed in the programme
More than 1250 aspiring entrepreneurs applied to join the very first Nairobi programme. Only three percent of those candidates secured a place in the first cohort that kicked off in August last year.
The four are:
Anyi Health (Nigeria): The startup provides a point-of-need credit facility for primary health care. In Nigeria, and many other African countries, patients unable to pay their hospital bills are detained in the hospital. This leads to congested hospitals and in the worst case, patients end up sicker than when they arrived at the hospital. AnyiHealth aims to solve this through a mobile-based point-of-need credit facility, where patients can apply for credit directly at the hospital. The startup was founded by Amara Muoneke and George Mosomi.
AIfluence (Kenya): A data driven influencer marketing platform. The startup was founded by two advertising veterans Nelson Aseka, Victor Munya and Arthur Stsepanenka.
ChapChap Go (Kenya): Provides an ecommerce platform for fast moving consumer goods (FMCG) goods, cutting out the middlemen distributors, and providing deep discounts on group buying in a number of FMCG categories. ChapChapGo is founded by Soud Hyder and Amine Aboura.
Digiduka (Kenya): This startup offers digital services for the cash economy. The startup was founded by Roy Njoka and Lovell Larbie.
Antler will launch its second Nairobi programme next month. Those interested can apply here.
Featured image: Participants pictured at Antler’s demo day in Nairobi on Wednesday (12 February) (Supplied)