EuroQuity Blog

Join the Africa Next E-Pitch session on July 7!

Africa Next is very pleased to invite you to its E-Pitch session on July 7 at 4:00 PM CET!



July 7 digital event at 4:00 PM CET

Register here

Africa Next is bringing a completely new approach to connect the most promising African start-ups with African, European and International VCs and CVCs.
It is a service for top African VCs and Accelerators to select their best portfolio companies for co-investment opportunities. 

Africa Next is an initiative by Bpifrance Euroquity and Digital Africa with AfricInvest, Antler, Attijari Invest, EchoVC, E4E Africa, Energy Access Ventures, Flat6Labs Cairo, Flat6Labs Tunis, Greentec Capital Partners, Grow In Africa Fund, Growth Capital Fund, Imperial Venture Fund, Investisseurs & Partenaires, Knife Capital, Mobility 54, Novastar Ventures, Lateral Capital, Partech Partners, Proparco, Saviu Ventures, Sawari Ventures, Seedstars Africa Ventures, StartupBootcamp, Timon Capital, 22OnSloane, and four new members: Falak Startups, Kalon Venture Partners, Middle East Venture Partners and VestedWorld.

8 companies raising between 1 and $15M from various sectors (HealthTech, Automotive, FinTech, Marketing, EdTech ...) and countries (Egypt, South Africa, Nigeria, Kenya) selected by our first circle investors (Middle East Venture Partners, Imperial Venture Fund, Sawari Ventures, Kalon Venture Partners, Timon Capital, SBCA, Saviu Ventures, Lateral Capital).

 

Mobiz - SOUTH AFRICA - Marketing / MarTech SaaS - Easily build instant mobile moments with hyper-personalized landing pages and SMS delivery
Mobiz is an end-to-end, code-free mobile campaign builder that enables its users to utilise 1st party consumer insights to create and deploy hyper-personalized SMS landing pages at scale. Often referred to as the MailChimp of SMS, leading SMB and blue-chip enterprise consumer brands use the platform daily to consistently achieve impressive return-on-investment.
2020 metrics: Turnover: $4.3M - GRR: 95% - NRR: 300% | TRL: 9 | TAM: $100Bn | Next step: Launching a fully self-serviced product in the US
Raising $4M


 

Zanifu - KENYA - FinTech / Supply Chain Finance - Providing FMCG retailers in Africa with access to working capital
Leveraging on Africa’s mobile money revolution, the startup has developed a platform that provides financial access to MSME's in Africa. The solution allows small retailers in the FMCG supply chain to access a credit line for their working capital needs.
5000+ retailers & 200+ distributors have transacted over 7000 times in Q1, 2021 |15% CMGR | TAM: $6Bn
Raising $1.5M


 

Lipa Later - KENYA - FinTech / Consumer Finance - Buy Now Pay Later (BNPL) platform
We are a buy now pay later platform that allows consumers to shop and pay later in monthly installments without needing a credit card. We give consumers the flexibility they require to pay for items responsibly and affordably. For retailers, we increase sales by allowing them to have an additional payment option that is more attractive and convenient to customers.
Countries Operating in: 4,100,000+ registered users, GMV: $4.5M+, Potential Pipeline: $400M | TAM: $50B | TRL: 9 | Next Step: Pan African expansion
Raising $775k


 

cARscan - SOUTH AFRICA - Automotive / AI / InsurTech - Capturing rich vehicle health data when it matters
Reliable inspection health data is at the heart of every transaction in the automotive value chain/life-cycle from buying, insuring, financing, servicing, repairing, hiring, to selling. cARscan has developed a world class low-cost self-assessment AR app and AI (computer vision) platform to identify vehicle damage enabling rapid penetration. It has a JV with the largest used car marketplace in Africa.
20 bank, insurance & automotive customers and 1,000 service partners in 2021, 300,000 inspections per month by December 2021 | TRL: 9 | TAM: $1Bn | Next Step: Scale use cases to multiple African markets
Raising $5M


 

Field Intelligence - NIGERIA-KENYA-GERMANY - HealthTech / Health Supply Chain - Full-stack healthtech company transforming the health supply chain to improve access and unlock growth
Field is raising to scale Shelf Life, its digital distribution service, empowering pharmacies, providing manufacturers turnkey routes-to-patient, and owning the trade with digital, financial, and fulfillment services. Pharmacies join Shelf Life to outsource their supply chain - freeing up cash, improving availability, and lowering their cost to serve.
$3M ARR, 500 pharmacies, 11 cities, 2 countries, 2,500 SKUs from over 300 brands, 65 FTEs, 3 Offices (Nigeria, Kenya, Germany) | TRL: 9 | TAM by 2026: $1.6Tn | SOM by 2026 : $1.3Bn | Next step: Regional market development and launch of new financial and product-led growth services for member pharmacies
Raising $7M

 

Yodawy - EGYPT - HealthTech / Digital Pharmacy - Online pharmacy delivering well-being items, medication, and prescription drugs for chronic patients
Yodawy is a platform that allows users to order medication and para-pharma products from a network of 4,000 pharmacies in Egypt. Currently processing 100k orders/mo. Yodawy is also integrated with insurance companies (approvals automation and chronic prescription deliveries) thus simplifying the process for patients and reducing costs for payers. 
800k orders placed in 2020, fulfilled GMV in 2020: $8.7M | TRL: 8 | TAM (Egypt): $6Bn | Next Step: International Expansion
Raising $15M

 

Decagon - NIGERIA - HRTech / EdTech - Software engineering training and remote-staffing 
Decagon provides exceptional people with training and financing to launch careers as software engineers. By paying attention to female participation, Decagon has reached 25% females. Decagon connects its graduates with jobs with local companies or retains them for its remote staffing service for US and European companies including Indeed and Google-backed Varuna. The company is EBITDA positive.
340 engineers trained; 410% salary uplift; 80k applicants; 55 hiring companies; $6m+ annualized revenue run rate | TRL: 9 | TAM: $16bn | Next Step: scale training to 1000 engineers per annum and scale partnerships with European and US companies for remote staffing
Raising $10M

 

MoneyFellows - EGYPT - FinTech / Credit & Saving platform - Offering users access to affordable credit and helps them save via digitizing the traditional ROSCA model
MoneyFellows is digitizing the traditional ROSCA model (Rotating Savings and Credit Associations) to allow its clients to access affordable credit and help them reach their saving goals. ROSCAs has been widely used in all types of segments across Egypt and the region. 
Raising $11.5M

 

Rédigé par Ange Ahyi le Wednesday, July 7th 2021
 
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