23 Sep Three African start-ups clinch investment sum from US-based Aptive Capital
US-based Aptive Capital has chosen to invest in three early stage African businesses following an application period for US$10,000 in equity capital from its $1 million portfolio fund.
The Africa-focused venture capital firm will invest in digital marketing agency Skyfire Digital, Ugandan Bitcoin payment solution service Mimi Money and Emmnoch Farms – a company providing end-to-end solutions along the fishery value chain.
These three start-ups were selected from 500 entries across the African continent, after thorough phases of scrutiny and submission reviews by investment professionals at Aptive.
“We’ve settled for these three, not because they are the best, but because we believe their visions as impact-led companies directly align with our goals to promote measurable and innovative social causes in Africa,” said Aptive Capital managing partner Ben Peter.
“Our team has kickstarted support for these energetic companies who believe the solutions they are proffering will solve the continent’s most daunting problems. This is what Aptive Capital is committed to doing.”
In addition to the $10,000 funding, Aptive will offer technical support, mentorship and coaching to its portfolio companies over the next couple months.