Cape Town based tech accelerator, Startupbootcamp (SBC) has announced that its AfriTech participants have been able to secure 20 proof-of-concept, pilot and commercial agreements and collectively raise €600,000 in funding to date.
This was made known at the demo day held which was held in Cape Town and had over 200 investors and corporate leaders in attendance.
The event was held to conclude the accelerator’s second cohort and the participated start-ups announced that they had either secured agreements or were in discussions with corporates, investors and government entities.
See Also: Cisco Opens Incubation Hub for SMMEs in South Africa
The start-ups that participated at SBC AfriTech’s second cohort include: Akiba Digital, Pago, Brandbook, CredPal, Digitech Group, Inclusive Financial Technologies, Kudimoney Bank, Lüla, MPost, and Prospa.
While commenting, SBC Afritech co-founder and CIO Zachariah George said “This year’s startups proved how important it is to not just be successful, but to be significant, to build solutions above and beyond yourself and your community — to build a legacy.”
SBC AfriTech also announced it plans to work with equity crowdfunding platform, Uprise.Africa to link startups that have participated in the accelerator to potential investors on the platform.
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