German-based Afrocentric startup Deutsch Connect has secured a €100,000 investment fund in partnership with Idea Seed Africa.
The “Deutsch – Africa Pitch” challenge is exclusively for Startups within the Deutsch Connect – Idea Seed Africa network in Agritech, Healthtech, Fintech, Digitalisation and Logistics offering up to €100,000 in equity investment to build and scale successful businesses that add value to African economies.
The selected startups will pitch in front of global expert judges from the Deutsch Connect and Idea Seed Africa network.
“We are excited to be involved in this project that recognizes the talent in Africa but will also assist African startups scale from local level to global level (glocal ). Our German partners believe in the full potential growth that the African startups can achieve. Considering how six of the world’s fastest-growing economies are in Africa, lucrative investment opportunities need to be harnessed” said Phenisiah Sabeta, Head of Projects at Deutsch Connect.
This Pitch Challenge heralds the beginning of a collaboration between Deutsch Connect and Idea Seed Africa which will see the two partners identifying African and German startups and companies for B2B matchmaking, market linkages and investment opportunities.
Speaking from his Nigerian base, Idea Seed Africa Founder Marcus Becker said, “My focus for the last years has been on getting people’s attention and attracting more interest to Africa’s startup ecosystem so that this results in more investments. The need for these smaller investment amounts is very high especially for startups at an early stage. Since Covid-19 it has even become much harder for founders to raise money. That’s why we are even more happy to support the current investors with the scouting, evaluation and investment decision.
Deutsch Connect is a German-based Afrocentric Startup that links African businesses and people to German business ecosystem through Mentorship, B2B Matchmaking and Access to Market and Partnerships while Idea Seed Africa explores African Startup ecosystem creating awareness and visibility and fostering innovations and investment.
More about Deutsch Connect at https://deutsch-connect.com/