VC4A has unveiled the 12 startups selected to participate in the 2023 Venture Showcase Africa. The annual flagship program brings together the best and brightest startups from across the continent, giving them the opportunity to pitch their ideas to investors and industry experts.
This year’s edition represents a diverse range of industries and sectors in the Seed, Pre-Series A and Series A tracks, chosen from close on to 1,000 entries that were submitted. Selected companies will receive mentorship, technical assistance and investor readiness training. All of which builds towards the VC4A Deal Room where these companies will be showcased to an audience of investors and industry leaders.
Among the selected startups for the program are three firms from Kenya. They include – Duhqa, MPost, and SimpliFI.
Below are the 12 startups selected for the 2023 VC4A Venture Showcase Africa:
Series A Track
“We are thrilled to unveil these exceptional startups for our upcoming VC4A Venture Showcase Africa 2023 program. Each is a beacon of innovation and entrepreneurship. These visionary teams have demonstrated remarkable potential and we eagerly anticipate the transformative journey ahead as we accelerate their growth and shape the future together,” said an excited Abu Cassim, the Lead of the Acceleration Team at VC4A.
VC4A is at the forefront of supporting the continent’s most promising startups. Driven by the belief that Africa is home to some of the most innovative and creative entrepreneurs in the world, and is committed to helping them achieve success. VC4A looks forward to seeing the impact these ventures will have on their respective industries, and on the African continent as a whole.
The selection of the 12 high-growth high-impact ventures was made in collaboration with VC4A’s investors network which represents Business Angel groups, VCs, Family Offices and Corporate funds in Africa and beyond.
The 2023 VC4A Venture Showcase Africa is sponsored by, the African European Digital Innovation Bridge Network AEDIB|NET and Work in Progress! Alliance, as part of their commitment to strengthen Africa’s startup ecosystem.
Other VC4A Investor Network partners involved in the selection committee are: 216 Capital Ventures, Founders Factory Africa, Ripple VC, Acumen Property Group, Advance Consulting, Angaza Capital, ANZA Strategy, Asime Ventures, Blue Haven Initiative, Beyond Capital Ventures, CAPAS, Crossfin Technology Holdings, Edge Growth, Everyone Ventures, Expert DOJO, FINCA Ventures, FrontEnd Ventures, HiiL, Jaza Rift Ventures, Kalon Venture Partners, LeapFrog Investments, Modus Capital, Nigeria Climate Innovation Center, One Day Yes, Pin Invest, NGWANA AFRICA, Shell Foundation, SOSV, SSC Capital, ViKtoria Ventures, and Villgro Africa among others.
VC4A aims to connect entrepreneurs with the knowledge, support programs, mentors and investors they need to thrive and grow their business. Almost 1,000 entrepreneurs answered the call for applications and together with investors, VC4A reviewed almost 500 candidates. The selected startups were primarily selected based on: Innovation and scalability, Growth strategy, Management team, Market traction and financials. The selection team also looked out for startups with a technology focus in the Digital Trade, Clean Tech, Smart Cities and Climate Smart Agriculture sectors.
The VC4A Venture Showcase has run since 2017. In the past years, 115 companies have been selected from across the continent as part of 8 Africa-based Showcase programs, resulting in a number of investment deals totaling $700 million. Today, VC4A is also present in Latin America and preparing for the second edition of the VC4A Venture Showcase Latam.