VC4A, a Pan-African venture builder, has announced 12 startups from across the continent to participate in the 2023 Venture Showcase Africa.
Nigeria, Egypt, and Kenya dominated the list of the 12 startups that judges selected out of the over 1,000 applications.
According to the announcement, the selected businesses are from a diverse range of industries and levels comprising businesses from the pre-seed stage, Pre-Series A, and Series A tracks.
Nigeria’s VC4A Venture representatives
From Nigeria, Vendy Limited– a system that helps businesses to accept payments from customers without internet access, and Omnibiz– a B2B e-commerce platform, offering supplier and retail software to connect the informal retail ecosystem across Africa made to the list.
Treepz– a car-sharing platform for Africa that aims to reduce carbon emissions and Winich Farms- an application that connects food producers to informal food processors and retailers in Africa will also represent Nigeria in the exhibition.
From Egypt, Rology– an AI-assisted teleradiology platform that helps to deliver accurate radiology reports and FreshSource- a B2B agri-supply chain platform that uses data and technology to connect producers to businesses will be among the businesses to showcase their innovations.
In addition, Pharmacy Marts- a B2B marketplace for pharmacies that provides a one-stop shop for products, financing, and logistics will also succeeded.
Three startups from Kenya will also take part with Duqha– a digital supply chain platform that uses AI and automation to help SMEs and manufacturers grow their businesses, Mpost– a digital platform that turns mobile phone numbers into formal postal addresses, and SympliFi– a blockchain-powered credit-as-a-service platform that provides affordable credit to MSMEs in Africa- having cut.
Moreover, other businesses that will showcase in the exhibition include Maad (Senegal)- an e-commerce marketplace to directly connect manufacturers and retailers in Francophone Africa and Emata Uganda Limited from Uganda- a digital lending platform on a mission to provide loans to millions of farmers in East Africa.
What the Startups stand to gain
The companies will receive mentorship, technical assistance, and investor readiness training.
In addition, the startups will proceed to the VC4A Deal Room where they will showcase to an audience of investors and industry leaders.
In a statement, Abu Cassim, Lead of the Acceleration Team at VC4A described the startups as beacons of innovation, adding that the venture builder was committed to supporting growth.
“We are thrilled to unveil these exceptional startups for our upcoming VC4A Venture Showcase Africa 2023 program,” Abu Cassim noted.
“These visionary teams have demonstrated remarkable potential and we eagerly anticipate the transformative journey ahead as we accelerate their growth and shape the future together.”
Since its inaugural edition, the VC4A Venture Showcase 115 companies featured as part of 8 Africa-based Showcase programs, resulting in several investment deals totaling $700 million.