Orange Digital Ventures launches seed challenge to invest €500k in seven startups

Seven startups from Africa and the Middle East will be able to land investment of between €50 000 and €150 000 through a new seed challenge launched by Orange Digital Ventures.

Orange Digital Ventures’ Africa & Middle East Seed Challenge is aimed at tech-driven startups with high growth potential and has a pool of €500 000 to invest in startups from Cameroon, Côte d’Ivoire, Egypt, Morocco, Senegal, Tunisia and Jordan.

Startups will also qualify for 12 months of business support from a local mentor.

Applications for the Africa & Middle East Seed Challenge close on 19 July

The names of those selected for investment will be announced by September 2020.

Applications close on 19 July (after the previous application deadline of 26 June was extended).

To qualify startups must not previously have raised more than €1-million in total equity funding.