Yesterday, Meltwater Entrepreneurial School of Technology, MEST celebrated 11 years of being in existence.
In typical MEST style, the celebration was marked alongside the graduation ceremony of its latest cohort which paraded 11 startups each of which received the sum of $100,000 bringing the total to $1.1 million.
The Accra-based organisation’s recent investment also becomes the largest single round it has made in one cohort to date.
Thirteen teams participated in the final pitching event, but only the successful 11 will launch in MEST incubators in Ghana, Kenya, Nigeria, and South Africa.
The four startups launching in Ghana are digital savings platform, BezoMoney; female-focused healthcare service aggregator, Massira; big data platform, Adi+Bolga; and merchant-lender financing platform, Niqao.
Mobile money ticketing startup, Saada; healthcare service, Nadia; and farm produce USSD platform, Farmula will launch in Kenya.
The Nigerian startups are beauty platform, Zuri; studio booking service, CoVibes; and real-estate crowdfunding platform, Cofundie.
The lone startup in South Africa is Kweza, a service that allows informal retailers to buy their products at the best price and receive direct deliveries to their stores.
This recent cohort of startups will join more than 30 MEST-portfolio companies currently in incubation across these four countries.
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Nigerian startups raised $377m in 2019, more than twice what they did in 2018. Find out more when you download the full report.