Pangea reveals the 11 out of 40 companies it had selected to take part in its inaugural accelerator to receive funding, dependent on their investment readiness and progress by late May. They will be matched with investors from the Norway-based Investor Training Programme as mentors, and also benefit from intensive capacity-building.
Pangea chief executive officer (CEO) Jonas Tesfu congratulated all the participating companies, saying the local business environment was attractive for investors. “I have no doubt that investors will find good opportunities for investment based on the quality of businesses represented on the Pangea programme,” he said.
The 11 startups selected include nine from Kenya, including cloud business management tool Tozzaplus, biomass briquette manufacturer Acacia Innovation, online marketplace Onesha, and learning platform Yusudi.
The other Kenyan startups chosen are marketing tool Biasharabot, cold chain solution Lakeview Fisheries, pre-booked shuttle company Sure Corporation, insurtech startup SaveKubwa and emergency response app Usalama.
One Nigerian startup makes the cut, namely maternal health platform HelpMum, as does Egyptian startup Skolera, which provides a suite of tools for the educational actors.
