VC fund Antler East Africa set to receive US$2m from IFC for pre-seed investments

KENYA – Antler East Africa, a start-up generator and early-stage venture capital fund based in Nairobi is set to get US$2 million from the International Finance Corporation (IFC) for investments in pre-seed opportunities in East Africa and beyond. The global venture capital fund has invested in more than 200 startups throughout the world. Some of its Kenya office advisors are Ory Okolloh, a director at brewing giant East African Breweries and Managing Director at Luminate Group and Peter Njonjo, Co-Founder and CEO of Twiga Foods. The Nairobi based Venture firm…

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Global VC firm Antler commits up to US$500k in funding to startups battling COVID-19

AFRICA – Antler, a global early-stage VC firm and startup generator, will invest up to US$500,000 in total in companies working on solutions in response to the Covid-19 pandemic.  In response to the COVID-19 outbreak, the company is inviting startups to propose solutions in mitigation (masks, contact tracing, surveillance, data infrastructure), medical equipment (test kits, protective devices, ventilators), remote health (telehealth, remote patient monitoring, symptom checkers) and digital tools (remote work, smart delivery, e-learning), and plans to invest in up to five teams and deploy up to US$500,000.  “Great necessity…

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Startup generator Antler backs 4 Kenyan startups from accelerator programme

KENYA – Antler, a global startup generator has revealed the four tech startups created through its first Nairobi programme in 2019 that secured US$100,000 in pre-seed funding. Antler, a global startup generator and early-stage venture capital (VC) firm, launched operations in Kenya in 2019 and will hold its inaugural demo day in Nairobi. The Nairobi programme was launched in August, with 37 individuals accepted from more than 1,250 applicants. Over the first two months of the six-month programme, these individuals formed 15 teams. Antler then invested US$100,000 in pre-seed funding…

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