Newly launched investment vehicle, CcHUB Syndicate has announced a US$267,500 seed investment in three African start-ups, creating a milestone for a syndicate of this kind in Africa.
CcHUB Syndicate is a pool established to link investors with a minimum capital of US$5,000 with potential African start-ups.
According to the organisation, the six-week round attracted interest from over 400 investors, while over 30 have cleared the KYC process and are ready to invest in more start-ups going forward.
In a statement released to the media reads: “Through the investment vehicle, we have invested in 3 exciting technology companies. These companies, with valuations north of $17.5m are focused on building critical digital infrastructure to be deployed across Africa and they are geared to be some of the hottest tech companies in 2021.”
It added that: “Post-closing this round, we would deploy $267,500 in bridge financing into these companies to enable them to achieve critical milestones ahead of their next funding cycle.”
The start-ups are:
OnePort 365, a B2B digital freight forwarding platform aiming to the “booking.com” of the African logistics and supply chain industry.
Stears Business, a digital information company aiming to make information on Africa accessible globally. Stears collects, structures, analyses, and disseminates information to enterprise (Stears Data) and individual customers (Stears Business).
Tǽillὸ offers unique afro-centric contemporary furniture pieces using its e-commerce and social commerce platform.
CcHUB intends to open the next funding round at the end of March 2021.
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