Global accelerator Antler launches in Nairobi, to invest in 16 startups every year ($100k in each)

Global accelerator Antler launches in Nairobi, to invest in 16 startups every year ($100k in each)

    Accelerator
    Funding

In the past few years, there has been a growing list of global accelerators who also double as micro-VCs interested in either setting up across the African continent or admitting African startups. From Silicon Valley darlings like Y Combinator - which has backed over 30 African startups - and 500 Startups to TechStars. Last year, in October, London-based corporate-backed accelerator Founders Factory also launched its African arm called Founders Factory Africa backed by Standard Bank as the first corporate investor. The accelerator has already gone on to back five fintechs from across the continent. According to Digest Africa data, there are at least 80 accelerators targeted to the African continent and offer a cash investment in the range of US $5,000 to US $350,000 per startup in the cohort following an average 6-month acceleration program. ... }

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