Three Nigerian startups have secured investments from SpeedUPAfrica, an event seeking to transform African startups to “SpeedUPs” through mentorship, workshops and of course, money.
The startups are DropBuddies, a crowdsourced errand running & on-demand delivery service; VeriCampus, which helps schools deliver timely & innovative services via mobile devices, and Nurlux, a WiFi company that runs Internet sponsored ads campaigns and solutions over free WiFi in high traffic locations.
Five other startups also secured investments. They are talk of the town Tress, a mobile app that helps black women from around the world find hairstyle inspiration; VugaPay, a Rwandan online payment platform, and Swiftly, a Ghanaian startup that matches people to share space when shipping by sea, air or land and share cost.
The other two are Planete Sports, an Ivorian startup that wants to create the first African chain of sports websites with a focus on data, and Ugandan TrendingshoW, an on-demand TV content provider for on-the-fly viewers.
The sizes of the investments, which were made by DraperDarkFlow, Toro Orero, and the legendary Tim Draper, who invested directly in two of the startups (his 2nd & 3rd ever investments in Africa), were not disclosed.
Other startups that took part in the recently held event also won exciting prizes.
Tress, together with Ghanaian startup, Loystar, and VeriCampus and fellow Nigerian startups Jalo, GO, CamBuy & Talentbase got admitted into Draper University, the leading program in Silicon Valley for building founders.
The university’s innovative and immersive Residential Program in Entrepreneurship offers essential startup skills, exposure to industry experts, a network of like-minded entrepreneurs from all over the world & mentorship from experienced venture capitalists.
The following startups – Africa Trust Academy (SA), Haller Farmers App (UK), AMoney (CMR), Chalkboard Education (GH/FR), Stars From All Nations (GH) and SmartPrac (SA) – got nominated by Singularity University to participate in its newly launched Impact Fellows Program.
Some other startups got external investments and business offers, some founders got shout outs for the great job they’re doing while others won some cool and quirky awards.
Tagged “Africa’s most impactful startup bootcamp”, SpeedUPAfrica brought together 100 early stage startups in Africa to receive one-on-one mentorship, workshops, office hours, growth hacking, and US$10,000 worth of toolkits.
The event took place at the Ramada Resort in Ghana from July 6-10, 2016. It was organized by DraperDarkFlow, 500 Startups, a leading global venture capital seed fund and accelerator, Singularity University and a host of others.