Following the announcement of the results of its MEA seed funding round, Orange Venture Africa has unveiled six African tech startups who qualify for funding.
Also, the firm has inaugurated its new seed investment programme, which aims to fund a hundred startups by 2025.
The just-concluded seed challenge round organized by Orange Venture Africa kick-started in June. The firm requested applications from seed-stage tech startups from various African nations such as Egypt, Ivory Coast, Morocco, Jordan, Tunisia, and Senegal.
In the end, the firm received more than 500 business proposals for examination by the Orange local teams and investment groups.
Of all, the company has finally selected seven startups, with six from Africa, to receive funding. Orange Ventures Africa has invested a total of EUR 670,000 ($795,000) to this cause, and as it is, each startup of the selected seven will get between EUR 50,000 ($56,000) and EUR 150,000 ($168,000) in seed funding.
The following are the selected African startups:
- 7keema – an Egyptian e-health platform
- Chari.ma – a Moroccan e-Commerce website
- Dabchy – a Tunisia-based second-hand fashion market
- Moja Ride – Costa Rica
- Waspito – Cameroon
- SudPay – Senegal
Besides the six African startups, a Jordanian startup, Back Office for Business, which develops comprehensive internet sales and ordering solutions for various businesses also benefited from the seed funding round.
‘’Congratulations to the seven winners of the challenge, whom I am delighted to welcome to our family as we launch our new seed activity,’’ said Jerome Berger, CEO of Orange Ventures.
‘’Their diversity, regarding countries of origin, as well as sectors of activity proves the abundance of promising high-quality projects on the continent.’’