13 Africa-focused startups take part in Y Combinator accelerator, bank US$150k
Summary
Thirteen startups focused on Africa or with African founders took part in the just-concluded Y Combinator W20 batch, banking US$150,000 in funding. The renowned Silicon Valley-based Y Combinator hosted its 30th demo day yesterday (March 16), albeit digitally because of the coronavirus crisis, after graduating its W20 batch. All selected companies received US$150,000 in seed investment, and took part in the three-month programme between January and March during which they worked intensively with Y Combinator to get the company into the best possible shape and refine their pitches to investors. Another three companies hail from Kenya, in the form of retail supply platform NUMI, payroll processing startup WorkPay, and e-health startup Tambua. The list of confirmed African participants is completed by Algerian ride-hailing app Yassir, Cameroonian e-health startup Healthlane, and Ethiopian drone delivery network Avion.
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