Nine African startups have been selected to take part in the latest edition of the Techstars Toronto accelerator, securing access to mentorship, US$120,000 in funding and the opportunity to secure further investment at demo day.
The 13-week Techstars Toronto accelerator programme is designed to provide mentorship, funding and access to the Techstars network. It culminates with a demo day at which selected startups will pitch to a carefully curated group of investors. Startups also secure US$120,000 in equity investment.
The programme has selected a host of African startups for recent editions, and for its latest one fully three-quarters of selected ventures hail from the continent.
Eight of those are Nigerian, including deliveries platform Fez Delivery, logistics startup Renda, payments platform GIGXPAD, recruitment and payroll venture Raenest, and digital assets marketplace Glover Technologies.
The other Nigerian startups selected are online school Klas, messaging platform Simpu, and artisanal marketplace LaborHack, while the selected Kenyan company is Mamy Eyewear, an eyewear brand.
