We are pleased to announce the 10 entrepreneurs selected for VC4Africa’s September Cohort! The selected entrepreneurs will receive, among other things, targeted coaching and introductions to the VC4Africa investor network, the largest network of African SME focused investors.
The VC4Africa team congratulates the selected entrepreneurs on their achievement! The 10 teams have gone through a rigorous screening process, with the final selection done by a committee comprised of Victor Asemota of Afrinnova, Lot Carlier of African Media Ventures Fund, Ory Okolloh of the Omidyar Network, Sean Smith of Invested Development, and Samuel Ssenyimba of LGT Venture Philanthropy. VC4Africa is privileged and thankful to have had such an outstanding group of professionals involved in this process, and looks forward to their continued engagement and support as the selected entrepreneurs move forward.
Over the next three months the VC4Africa team will be working with the 10 selected entrepreneurs to further strengthen their business cases, help them complete their documentation, and upon successful graduation facilitate introductions to VC4Africa’s Investor Network. Industry experts will join dedicated sessions on traction, building a killer team, fundraising, pitching and deal closing. And building on VC4Africa’s peer-to-peer philosophy, a top team will be selected by the participants and recognized as the most outstanding venture.
The companies participating in the program require investments under USD $1 million. The entrepreneurs are running established businesses with high quality teams, most already generating revenue. Many have already secured early funding and now seek the additional capital needed to take the venture to the next level.
Find out more about the selected ventures below! Accredited investors should register on VC4Africa to get access to private documents and full details of the selected ventures.
Here is an overview of the selected ventures (ranked alphabetically). Click on the names and tiles to find out more:
The Able Wireless Company – Kahenya Kamunyu – Kenya
The Able Wireless Company provides an on-demand entertainment system and content delivery network that is localized to every single locale in the region. See their VC4Africa venture profile >>
FastCashier – Derrick Agyiri – Ghana
FastCashier Accounting organises all your business finances in one place. Manage your money, send unlimited invoices, import from your bank, and always be ready for taxes. See their VC4Africa venture profile >>
Kiro’o Games – MADIBA Olivier – Cameroon
Kiro’o Games has been building the first video game studio in Central Africa already 10 years. The goal is to create games based on an “African-fantasy”, and selling them to world audiences. See their VC4Africa venture profile >>
LPM (Le Petit Marche) / L’Espace – Isoken Ogiemwonyi & Wonuola Okoye – Nigeria
L’Espace is a multi-brand concept store in Lagos, Nigeria. Le Petit Marche (LPM), a monthly market that has made a substantial impact on the shopping culture in Lagos is its sister brand. See their VC4Africa venture profile >>
Mellowcabs – Neil du Preez – South Africa
Mellowcabs are transport devices, but the main source of income is not carrying passengers, but selling advertising space on and in the vehicles. See their VC4Africa venture profile >>
MMABON’ – Elizabeth Ido – Nigeria
MMABON’ produces affordable casual and custom apparel for men, women and children, produced locally in Lagos at international quality standards. See their VC4Africa venture profile >>
MOBILE CHARGING KIOSK – Henri Nyakarundi – Rwanda
Mobile Charging Kiosk is a one stop shop for telecom customers: charging cell phones, selling phones, airtime, money services, using a franchise model. See their VC4Africa venture profile >>
My eCampus – Cecil S. Nutakor – Ghana
MyeCampus provides an online teaching and learning platform with social networking options that allows teachers & students to interact and compare test scores. See their VC4Africa venture profile >>
Rethink Education – Douglas Hoernle – South Africa
Rethink Education allows learners to access engaging content using a social platform, while giving teachers the ability to track, monitor and observe user progress: “the ultimate teaching and learning tool”. See their VC4Africa venture profile >>
Save & Buy – Hugo Obi – Nigeria
Save & Buy is a web and mobile platform that enables the Nigerian consumer to save towards items they desire in an easy to use, fun and safe environment. See their VC4Africa venture profile >>
Considering investing in one of these entrepreneurs?
Accredited investors should register on VC4Africa to get access to full details of the above mentioned ventures. Registered investors are able to follow hundreds of other ventures gaining traction in over 35 African markets, network with fellow members, coordinate due diligence, and cofund deals with fellow investors.
VC4Africa’s investor network is the largest network of dedicated SME investors interested in supporting African based ventures. In addition to a growing number of informal investors, the network also includes more established firms. Entrepreneurs have already raised more than $2 million in funding through VC4Africa, and members have secured joint ventures and investments in countries as diverse as Cameroon, South Africa, the United States, Kenya, Nigeria, the Netherlands, Somalia and Zambia.
Entrepreneurs not selected in this cohort?
The next cohort is scheduled for December 2014. In the meantime, entrepreneurs can still apply to raise funds on VC4Africa, make use of VC4Africa’s Mentorship Marketplace, access free online tools, and progress on the 5 steps to fundraising on VC4Africa.
Over the next weeks and months, VC4Africa will introduce and follow the Top 10 selected entrepreneurs in a series of articles on the VC4Africa website. Congratulations and good luck to all of the VC4Africa September Cohort entrepreneurs!