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Tuesday, 6 January 2015

88mph announces partnership with investors to find and fund Africa's best startups

Africa's leading seed fund and accelerator 88mph today announced partnership with successful entrepreneurs turned investors to find and fund Africa's best startups.

88mph announces partnership with investors to find and fund Africa's best startups"We are excited to announce that we are testing something new in Cape Town this year," said Sylvia Brune of 88mph. "The biggest change is that we have invited some great entrepreneurs-turned-investors to co-invest with us in the startups. We have also traded out the 3-months accelerator for a 1-week sprint where 88mph and the entrepreneur-investors, will evaluate and advise startups. The startups who make it through can receive investment offers up to $250k by the end of the week."

88mph has teamed up with some of Cape Town's best entrepreneur-investors for one week of vetting and investing in great startups. The investors invited to join, are all people who have previously started and grown at least one business successfully. The group includes L5 Lab and 440.ng founder Chika Nwobi, Daniel Guasco & Wayne Gosling, formerly of Groupon SA, Neil Emerick of Nightsbridge, and Kresten Buch of 88mph, with more to be announced soon.

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