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Here are the 8 startups selected for the 2018 VC4A Venture Showcase

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VC4A has announced the 8 ventures selected for the 2018 VC4A Venture Showcase – Series A from industries like agriculture, healthcare, housing, transportation, and finance.

The entrepreneurs leading these companies will showcase their business in front of investors during the Africa Early Stage Investor Summit in Cape Town, November 11-12, with the aim of raising $250k – $5m in series A capital. All companies provide a technology-intensive or innovation-based product or service that is currently available in one or more African markets.

AgroCenta – Ghana

AgroCenta is an innovative online platform that empowers smallholder farmers and farmer-based organizations in rural farming communities to access a wider online market to trade fairly and equitably.

Fibre Lifestyle Inc – Nigeria

Fibre is the easiest way to find and pay for rental homes in Nigeria. By partnering with landlords around the country Fibre offers their homes to verified tenants looking to rent.

Gebeya Inc– Ethiopia

Gebeya is a fast and secure online marketplace that connects top African IT experts with businesses seeking to develop new technology solutions.

GoMetro – South Africa

GoMetro allows any business or company to design and implement a managed transport service. The flexible cloud-based technology makes transport planning, tracking, paying and reporting much easier.

Read also: Apple is first public company worth $1 trillion

Invoiceworx – South Africa

Invoiceworx is a working capital financing company aiming to provide access to inventory and purchase order of financing for small businesses.

Nawah-Scientific – Egypt

Nawah-Scientific is the first, private, multidisciplinary research center and platform in Egypt catering for natural and medical sciences.

Piggybank – Nigeria

Piggybank is a simple service that helps millennials curb their spending habits while improving their savings culture by automating deposits periodically, daily, weekly or monthly to reach a specific savings target.

Shezlong – Egypt

Shezlong is an online mental health platform that allows patients to connected with licensed therapists via video call on mobile devices or the web.

Over the next weeks, the selected start-ups will be linked to the top VC investors as mentors and receive access to the bespoke curriculum before the 1-week residency in Cape Town, South Africa. During the residency, the startups will have the opportunity to interact with and learn from their mentors, peers, and partners, before delivering their pitch on the main stage of the Africa Early Stage Investor Summit.

The program offers two days of networking opportunities at the Summit and where entrepreneurs will also engage with interested investors during their deep-dive sessions. Moreover, the participants will pitch to a wider audience of corporates, investors and tech professionals at VC4A partner events AfricaCom and AfricArena.

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African Union, Google Africa launch campaign to celebrate creative economy

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The African Union has entered a partnership with Google Africa aimed at celebrating the continent’s thriving creative economy which has “fueled innovation, create jobs, and economic growth across Africa.”

Addy Awofisayo, Head of Music for Sub-Saharan Africa, who announced the collaboration, said Google Africa, having recognized this potential, decided to team up with the African Union to launch the #DiscoverMyAfrica Shorts Challenge, a month-long campaign of the continent’s rich diversity, heritage, and vibrant spirit.

“In celebration of Africa Month, YouTube creators across Africa are invited to share short videos capturing their unique perspectives using the #DiscoverMyAfrica hashtag,” Awofisayo said.

“The challenge encourages them to showcase various facets of African life, from music and art to food, fashion, and local landmarks.

“It will be a curated playlist of African-inspired music on YouTube Music that will fuel inspiration and accompanies these creative expressions.

“This initiative goes beyond celebration. #DiscoverMyAfrica empowers African youth to share their stories and rich cultural heritage globally.

“By providing a platform for African voices, the challenge fosters cultural exchange and positions Africa as a hub of creative energy.

“It’s about unlocking the vibrant future of Africa’s creative landscape, aligning with the vision of a digitally-enabled Africa harnessing its cultural wealth for economic growth and social progress.

“YouTube is committed to supporting the diverse voices and talents that make up Africa’s creative landscape,” said Awofisayo.

He added that the “initiatives provide valuable resources and platforms for African filmmakers, musicians, and content creators to share their stories and connect with global audiences.”

The #DiscoverMyAfrica Challenge is part of the African Union’s collaborative effort in driving innovation through strategic partnership with Google, through the Office of the Youth Envoy, Make Africa Digital (MAD) initiative.

The MAD initiative is implemented under the African Union’s Digital Transformation Strategy 2020-2030 which envisions an “integrated and inclusive digital society and economy in Africa that improves the quality of life of Africa’s citizens.

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Nigeria’s food delivery startup Chowdeck raises $2.5m to optimise operations

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Nigeria’s on-demand food delivery startup, Chowdeck, has announced securing the sum of $2.5 million in seed funding that will enable it optimise operations and support its expansion plans into more cities across the country.

Femi Aluko, the CEO and co-founder of Chowdeck who made the announcement on Thursday, said the funds which came from investors including Y Combinator, Goodwater Capital, FounderX Ventures, Hoaq Fund, Levare Ventures, True Culture Funds and Haleakala Ventures, will will enable the startup to double down on its market leadership in the cities they are already operating in as well as lay the groundwork for further expansion into other Nigerian cities.

“We know that Nigerians love good food, and we just want to make it as easy as possible for them to access the food they desire,” Aluko said.

Chowdeck was birthed to fulfil this purpose and we are committed to delivering truly excellent experiences for our customers, vendors and riders.

“We are pleased with the success we have achieved to date and excited to have raised these funds that will enable us to replicate that success in more parts of Nigeria, and add value to our customers, vendors, and riders in as many ways as we can,” Aluko added.

Chowdeck which was launched in Lagos in October 2021, allows customers to order meals from a variety of restaurants and have them delivered to their doorstep within 30 minutes.

A participant in the Y Combinator accelerator in 2022, Chowdeck has acquired more than 500,000 users and more than 3,000 riders, serving eight Nigerian cities including Lagos, Abuja, Ibadan, Port-Harcourt, Ilorin, Benin City, Abeokuta and Asaba.

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