10 Nigerian startups among 25 selected for Google's $4m Black Founders Funds in Africa
Summary
The Black Founders Fund program was created to address the systemic racial inequality in venture capital funding by providing equity-free grants and mentoring to early-stage Black-led high-growth businesses across Europe and Africa.With a $4 million commitment, selected startups will receive up to $150,000 in cash awards, $200,000 in Google Cloud credits, and expert mentoring. Currently partnering with over 500 referring health facilities, MDaaS Globals goal is to provide modern, connected healthcare for Africas next billion.Co-founded in 2018 by Oluwasoga Oni, MDaaS Global has raised a total of $3.7M in funding to enable it to offer its wide range of services including imaging (digital x-ray, ultrasound, & mammography), cardiac (ECG, echo), and lab (chemistry analysis, immunoassay, and haematology) services.My Pocket Counsel is a legal tech startup that provides a management platform for contract automation and generation. Its product explores a wide range of contracts from simple agreements to sales, HR documents, investment, and share purchase agreements.Founded by Deji Awoniyi and Kola Ayanwale in 2021, there is no record that shows the legal tech platform has raised funds since its inception.Orda Africa startup offers a cloud-based restaurant management system, specifically designed for Nigerian restaurants and tailored to the needs of African chefs and food business owners. Its mission is to enable the growth of African businesses by providing them with powerful tools for real-time data analysis and aggregation.Founded in 2019 by Michael Collins, the AI startup has raised over $1 million since its inception. The startup uses technology to connect businesses and people to vehicles perfect for their logistics needs.Founded in 2019 by Williams Fatayo and Fuluso Ojo, TruQ has raised over $400k in funding since its inception.