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Injini invested a total of $280,000 into 7 startups in the second cohort

Injini invested a total of $280,000 into 7 startups in the second cohort

Injini's second cohort

In July this year, Injini selected seven startups from five African countries to join their second cohort. These were; eLimu (Kenya), Learning Factory (Zimbabwe), BlueBic (Nigeria), Lightbulb (South Africa), ScholarX (Nigeria), SlateCube (Nigeria) and LangBot (Ethiopia).

To mark the end of the five months incubation program, Injini held a demo day this week. The invite-only event took place at Amazon Web Services offices in Cape Town, South Africa. Though, with a Youtube live stream broadcast.

Injini, a pan-African edtech incubator, says that the startups pitched to a diverse group of people. Including angels, VCs as well as representatives from corporate companies and NGOs.

In the five months of incubation, the startups have received a perk of benefits from Injini. Including $40,000 in direct funding in each, according to the press release we received. This brings the total to $280,000. Although, on their website, the incubator indicates that they invest $50,000.

Other benefits that the seven received included workshops and mentoring, office space, accommodation and flights to Cape Town and a stipend.

In exchange, Injini took a 9% equity stake in post revenue startups and 15% in those that are pre-product.

Last year, Injini admitted 8 startups to their inaugural cohort. These were; Early Bird (South Africa), M-Shule (Kenya), Mtabe (Tanzania), Syafunda (South Africa), Uthini (South Africa), Yo Books! (South Sudan) and Zelda (South Africa).

The Injini programme was founded in 2017 with funding from the Western Cape Government, the Michael and Susan Dell Foundation, and UBS.