BetaRaise Second Cohort

A launchpad for startups to go from a beta product to raising investment

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What is BetaRaise?

BetaRaise is designed to help first-time founders go from launching a beta product to their first pre-seed investment round in the fastest possible time! BetaRaise uses a no-frills approach with a laser focus on supporting first-time founders with no experience in raising money.

The structure of the service is designed to help founders build a solid team, tighten up their beta rollout plan, acquire users and use strong beta numbers to close a pre-seed round of $100K+.

The second cohort is focused on ventures in:

  • Urban Food Systems
  • Mass-Market Distribution
  • Green Energy & E-Mobility
  • Gig Economy
  • Fintech

10 startups will be finally selected to join this BetaRaise cohort.

Want to know more? Scroll down to learn about the details. 

Overview

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October 18, 2022
Program dates Oct 31 - Dec 30, 2022
OrganizerImpact Hub Accra
Website Visit website
Targets Ghana
Sectors
E-commerce, E-learning, Fintech, Food and beverage, Green transportation and electric motors, ICT, Mobile

The Offer

Backroom Support to Raise $100k+ in investment for your startup*
Founders will work with our network of pre-seed VCs to close a round of $100k+ with Betaraise providing:

  • Support with Delaware incorporation
  • Support with building complete data room for investor engagement
  • Support with negotiating and managing the close of your pre-seed round with investors in the BetaRaise network

*In the end, the uniqueness of the product, the founders’ commitment, and the capacity to excite investors will still be the key to closing a round. We will introduce you to our strong network of over 100 active investors in Africa, strongly vouch for you, and do our best to help get you to signed cheques

Receive Support from our Venture Partners
BetaRaise will fill all the gaps in your senior team with our rockstar pool of pros at $0 cost. Do you have any of these 4 key roles missing in your team?

  • Tech Support
  • Operations
  • Business Development/Sales 
  • Finance

 

Venture Partners are experienced industry players  who will work with founders towards your pre-seed raise and will support you in hiring key managers once you close a round. The goal is to help you present a strong team to help close your round.

Tech support to complete product build
Roundup product build with in-house technical assistance or if you have a fully ready product, build a robust private and public beta rollout plan before you go live.

We have a team of senior developers on retainer to help with all your product engineering needs ahead of product launch. If your tech team can’t crack a problem, they will step in. 

Support to close B2B deals pre-beta
Tap into BetaRaise commercial partnerships and relationships across key sectors to close B2B deals.

Our team of sales professionals with extensive experience will help you navigate selling to key clients and negotiating deals for user acquisition

VC4A Startup Academy Course
Fill your knowledge gaps with extensive content from VC4A Startup Academy Course

Eligibility Criteria

Sector: The second cohort is focused on providing services to ventures in:
– Urban Food Systems
– Mass-Market Distribution
– Green Energy & E-Mobility
– Gig Economy
– Fintech

Stage: Ideally a product ready for either a private or public beta launch. In some cases, we are happy to work with founders without a working product but must demonstrate a path to a working product with minimal work. There is some flexibility here. In the end, the founder’s profile, the strength of the idea, and the market opportunity will count.

Country of Operation: Ghana.

Revenue: No revenue expectations. Just a sound revenue model with strong assumptions.

Team: Diversity within founding team members is encouraged.

Application FAQs

Applications open on Tuesday, October 4th, 2022.

Applications close on Tuesday, October 18th, 2022.

You will receive official acceptance by Tuesday October 25th, 2022. The BetaRaise program officially kicks off on Monday, 31st October, 2022.

BetaRaise support is over a 3-month period (October – January) with an option to extend.

The BetaRaise program will feature a boot camp session, which focuses on equipping startups with skills relating to fundraising, negotiating valuations, and undertaking investor intros. There’ll be work-in sessions run concurrently between startups and their Venture Partners.

The BetaRaise team will hold two information sessions on the following dates: Tuesday, October 11th, 2022, and Friday, October 14th, 2022.

  • Information Session 1: Please register to attend here
  • Information Session 2: Please register to attend here

 

Partners

Team

Activity