CcHUB Syndicate, a Co-creation Hub-backed startups body across Africa has announce that it has closed the first round of investments for the Syndicate.
Announcing the stride, CcHUB noted: “Through the investment vehicle, we have invested in 3 exciting technology companies. These companies, with valuations north of $17.5m are focused on building critical digital infrastructure to be deployed across Africa and they are geared to be some of the hottest tech companies in 2021.
Our first investment round lasted six weeks and we received mind-blowing investor feedback. Since the launch in December, more than 400 Investors signed-up to the syndicate, and over 30 investors have completed the KYC process and are committed to investing in the future of the African Innovation and Technology ecosystem. Post-closing this round, we would deploy $267,500 in bridge financing into these companies to enable them to achieve critical milestones ahead of their next funding cycle.”
Syndicate makes it possible for individuals, institutions and groups to invest in startups building digital infrastructure on the continent.
According to the recent announcement, investee companies include Oneport 365 Limited, Stears Business and Tǽillὸ.
Oneport 365 Limited is a B2B digital freight forwarding platform with a mission to usher in radical change that enhances Africa’s participation in global trade by offering simplified, all-inclusive, and transparent freight forwarding services driven by technology. The company has positioned itself as the “booking.com” of the African logistics and supply chain industry by leveraging technology to provide an end-to-end digitized platform geared at solving the problems that exist within the highly fragmented logistics industry.
Stears Business is a digital information company that makes it possible for anyone, anywhere in the world, to access high-quality information on Africa. Stears collects, structures, analyses, and disseminates information to enterprise (Stears Data) and individual customers (Stears Business).
Tǽillὸ is a premium Afro-urban furniture and Lifestyle design Brand. The company offers unique afro-centric contemporary furniture pieces using its E-commerce and social commerce platform that embeds Augmented and Virtual Reality to amplify personalized customer experience.
With the completion of this first round, CcHUB Syndicate is gearing up for the next funding round which will be opened at the end of March 2021.
