14 African tech start-ups begin campaign to raise €20 million investment across Europe

shakirudeen taiwo

August 16, 2017 4:45 PM

The investment drive will be held in 5 major European countries.

CCHUB & Google for Entrepreneurs are providing African tech start-ups with need exposure and opportunity for business growth.

14 African based tech companies are currently pitching their business ideas to raise €20 million from investors in selected European countries.

The "Pitch Drive" organised by the Co-Creation Hub (CCHUB) in partnership with Google for Entrepreneurs and other partners is designed as a road show for the start ups to attract interest.

Nigeria has the highest number of tech start-ups among the fourteen selected. The fourteen start-ups are Piggybank (Nigeria); Gloo (Nigeria); Prepclass (Nigeria); Tradedepot (Nigeria); Flashpa (Nigeria); Lifebank (Nigeria); Kudobuzz (Ghana); Ongair (Kenya); Gebeya (Kenya/Ethiopia); Firefly media (Senegal); GoMetro (South Africa); ClinicMaster (Uganda); BitFinance (Zimbabwe); and Real Food (Zimbabwe).

The first meeting with investors was held on August 14, 2017, at Google’s campus in London, after which, the campaign train will move to TQ Amsterdam, Berlin, Impact Hub in Zurich and end at NUMA Paris.

Tijani Bosun, founder and CEO of CCHUB, stated that at the end of the campaign the start-ups would have interacted with over 300 investors and raised over €20 million.

“The idea of a PitchDrive is a phenomenal and an incredible opportunity for not only the selected 14 startups but also the investors. We hope to help secure a number of breakthrough capital deals for the selected 14 startups,” Tijani said.

“And like the Garage story of Google, we hope that or two or possibly all of these start-ups will have a similar story. I can say that they are in for a tough but rewarding journey with us.”

The organisers have secured the services of Jason Njoku (iROKOtv), Saidah Nash Carter(Reuters), Stephen Newton (Illuminate Africa) and David Grunwald (Google for Entrepreneurs) to help with mentorship and support throughout the campaign.

shakirudeen taiwo