Three Nigerian tech startups secured a total of $600,000 from the Pre-seed Venture Capital and Accelerator Catalyst Fund. The three start-ups that profited from this are; Paddycover, Farmz2U, and Eight Medical.
The Pre-seed Venture Capital and Accelerator Catalyst is a world-class accelerator programme that supports Africa’s boldest innovators to scale homegrown solutions. Their program is designed to give the funding and platform needed to take a company globally.
Paddycovers works with already established insurers and digital platforms to design and offer bespoke products through their platform that facilitates flexible insurance packages, including health, life, and in the future, index-based crop insurance. The offerings are built into the lifestyle touchpoints of the customer either as a convenience or as complementary value-adds.
Farmz2U is an agrotech enterprise driving sustainable agriculture. Through Farmz2U, farmers can access personalized farming advice, especially on regenerative farming practices, affordable credit, quality, and traceable inputs, and direct buyers for their harvest.
Eight Medical is a cloud-native Emergency Medical Services platform that provides on-demand urgent care when and where it is needed. it connects emergency medical responders on motorcycles to users in distress in 10 minutes or less, including for climate-induced crises.
Asides from these three startups, some other African-owned startups were also funded, like; Agro Supply from Uganda, Assuraf from Senegal, Bekia from Egypt, Farm to Need from Kenya, Octavia Carbon also from Kenya, Sand to Green from Morocco, and VAIS from Egypt.
The goal of this investment is to back mission-driven founders that share the same vision with the investors where every individual has the tools and opportunities they need to thrive. Each of the startups is offered $100,000 of equity investments as well as $100,000 of hands-on venture-building support.