Some 10 startups from Nigeria, Uganda, Egypt, Kenya, Morocco and Senegal are to benefit from new $2 million investments from Catalyst Fund. The investment will be channeled into accelerating Africa’s adaptation and resilience to climate change, especially in rural communities. This is the inaugural cohort of the new $30 million venture capital fund of Catalyst […]
Some 10 startups from Nigeria, Uganda, Egypt, Kenya, Morocco and Senegal are to benefit from new $2 million investments from Catalyst Fund. The investment will be channeled into accelerating Africa’s adaptation and resilience to climate change, especially in rural communities.
Each of the 10 startups will be offered $100, 000 of equity investments as well as $100, 000 of hands-on venture-building support. Catalyst Fund’s portfolio companies have raised over $640 million in follow-on funding to date, and currently serve more than 14 million individuals and MSMEs globally. The 10 companies joining this next cohort of Catalyst Fund are: Agro Supply [Uganda]; Assuraf [Senegal]; Bekia [Egypt]; Eight Medical [Nigeria]; Farm to Feed [Kenya]; Farmz2U [Nigeria, Kenya]; Octavia Carbon [Kenya]; PaddyCover [Nigeria]; Sand to Green [Morocco] and VAIS [Egypt.
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