Seed investor and accelerator 88mph operating in Nairobi, Cape Town and Lagos, is hosting this year’s Cape Town Investor Day at Crossley and webb’s vintage car showroom.
This comes after seven startups received investment from the accelerator programme and have been at work over the past 10 weeks. The investor headed by Kresten Dutch, a Danish web entrepreneur has seen 35 startups funded having invested over $3million over the last 3 years since the model was introduced to Sub Saharan Africa.
Besides investment, the accelerator assists startups by providing access to networks, feedback on products, business models, marketing and pushes the startups to experiment in the market with solutions they build.
The Investor Day is set to be a platform to communicate with High Net worth Individuals and Venture Capitalists what their businesses do, and are looking for investors that understand and can add value while taking their business to the next level.
“With the increase of mobile and internet penetration in Africa, traditional industries are being disrupted. Our goal is to invest in the startups at the forefront of this trend and introduce them to other investors who are also interested in investing,” said Kresten Buch, Founder at 88mph.
Dan Bowyer the new program Manager chosen to drive the accelerator program has worked with 300 businesses over the last 20 years therefore a suitable candidate to build the South African startups.
Startups chosen for 2014 are;
Diarize.me Booking SaaS for the wellness & beauty industry
Catch, The efficiency of online dating, used to spark a connection in the real world
Pet Heaven, Convenient pet food ordering and delivery service for pet owners
Ekaya, Renting, but better.
Graphflow, Recommendation software – enabling businesses to offer only most relevant products to their customers.
ByteMoney Taking human error out of the cash collection business
8Bit Helping premium content creators monatise their sites, and premium brands reach their desired audience.