Co-creation Hub (CcHUB), Nigeria’s leading social innovation centre in partnership with Google for Entrepreneurs, is organising PitchDrive where we will take 14 selected startups on a three week, five-city European tech hub tour across London, Amsterdam, Berlin, Zurich and Paris with the aim to raise €20M in funding from investors. The tour starts on August 14th and ends on the 6th of September.
This partnership will bring together 14 elite African tech companies to pitch to investors, explore international opportunities and offerings, learn about cutting edge frontier technology markets and build a network amongst technology leaders from both the African and European continent, bridging the divide across the tech ecosytems.
A few weeks ago, applications to African startup founders who were looking to raise Series A funding was made open. The feedback was an impressive 118 who went through a rigorous and objective selection process which produced the top 14 finalists. The selected startups include, Kudobuzz: Ghana, Ongair: Kenya, Gebeya: Kenya/ Ethiopia, PiggyVest (formerly PiggyBank): Nigeria, Gloo: Nigeria, Prepclass: Nigeria, Tradedepot: Nigeria, Lifebank: Nigeria, Fashpa: Nigeria, Firefly media: Senegal, GoMetro: South Africa, ClinicMaster: Uganda, BitFinance: Zimbabwe and Real food: Zimbabwe.
Starting in London on 14th of August 2017, the selected startups will visit Google’s Campus London, TQ Amsterdam, Factory Berlin and Impact Hub in Zurich, concluding at NUMA Paris. In addition to meeting investors in each city they will also visit innovators in other technology hubs and corporates. Upon completion of the tour, they would have pitched to over 300 investors, with the specific goal of raising over €20M. Notably, this is the first tour of its kind connecting African tech companies with European capital, and the PitchDrive team is aiming to open up the sector to investors who desire to include emerging markets in their portfolios.
The idea of PitchDrive is a phenomenal and an incredible opportunity for not only the selected 14 startups, but also the investors. The turnout of applications for PitchDrive lean to the ‘start small dream big’ saying and through this platform, we hope to help secure a number of breakthrough capital deals for the selected 14 startups. And, like the Garage story of Google, we hope that one or two or possibly all of these startups will have a similar story. I can say that they are in for a tough but rewarding journey with us. We are glad for the support of Google for Entrepreneurs on the PitchDrive tour and look forward to the journey ahead.
PitchDrive will provide all travel, accommodation and visa support, as well mentorship and support from notable tech founders well versed in fund raising, including David Grunwald of Google for Entrepreneurs, Iroko Founder and CEO Jason Njoku, Saidah Nash Carter of Reuters and Stephen Newton of Illuminate Africa.
David Grunwald, Head of Global Partnerships at Google for Entrepreneurs, adds, ”Entrepreneurs from across Africa are building world-class tech companies, and we are delighted to be able to use the power of the Google for Entrepreneurs network to showcase their fantastic products to audiences in some of Europe’s most important tech ecosystems”.
The PitchDrive team is looking forward to meeting with the investors across the 5 European countries. The destination Africa to Europe PitchDrive is officially activated. For more info visit www.pitchdrive.xyz
VC4A is a proud partner of PitchDrive, among the other organisations listed below.