BetaRaise

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

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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April 24, 2022
Program dates Oct 31 - Dec 30, 2022
Organizer Impact 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

Build your Team with Betaraise
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?

  • CTO
  • COO
  • Business Development/Sales Lead
  • CFO

team icons

BetaRaise will provide experienced and highly qualified professionals to temporarily fill those gaps in your team as you work towards your pre-seed raise and will support you in hiring permanent replacements 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 first 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

Portfolio

Name Country Sector(s)
Errand Pay Ltd
Errandpay
Nigeria Financial services, Online payment processing, Rem…
Street Streams Ltd
The platform of choice for buyers and sellers within communities
Ghana Fintech, Retail and wholesale
Spurt!
All-in-one digital toolkit seamless team and project management
United States of America Fintech, Smart city solutions, Software as a Servi…
StoVoo Inc
Where food meets personality
United States of America E-commerce, EdTech, Food and beverage
Cedijob
Hire on demand, achieve more
Ghana Business services, HR and recruitment, Software as…
AwayyBus Technology Co. Ltd
Smart digital transport services for convenient tickets & fares
Ghana Financial services, Personal transport, Public tra…
Packpapa
Your No.1 Packaging Marketplace
Ghana E-commerce, Logistics, Packaging
Ignite Lines Limited
Trade Africa
Ghana Agritech, E-commerce, Fintech
Srawa eMobility Co. Ltd
Charging up to the future
Ghana Green transportation and electric motors
Green Hopper Ltd.
Join Africa's premier vehicle membership community with fita today!
Ghana Automotive
SAYeTECH Company Limited
Climate-smart agricultural machinery for Africa
Ghana Agritech, Internet of things (IoT)
Ubadi
Financial inclusion for the next-gen
Ghana Financial services, Fintech
Merdeo Foods
Ask For More....
Ghana Agritech, Retail and wholesale, Transport and logi…
Afrigateway Limited
Africa's wholesale marketplace
Ghana Agribusiness, Agritech, E-commerce
BenBen
Derisking Land-Based Climate Investments
Ghana Blockchain, Natural resource protection
Kinzerra
Buy and sell local products
Ghana E-commerce
Farmio
Accelerating Sustainable Agriculture through Greenhouse Innovations
Ghana Agribusiness, Agritech, Crop farming
Kaniya Energy
The Light of Africa
Ghana Clean technology and energy

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