CcHUB, the pan-African incubation hub, has announced the first round of investments for the CcHUB Syndicate, its investment vehicle.
The 3 startups, with valuations north of $17.5m, include Oneport 365, Stears Business and Taeillo will receive $267,500 in bridge financing to enable them to achieve critical milestones ahead of their next funding cycle.
Oneport 365 is a B2B digital freight forwarding platform offering simplified, all-inclusive, and transparent freight forwarding services driven by technology.
The startup wants to be the “booking.com” of the African logistics and supply chain industry by leveraging technology to provide an end-to-end digitized platform geared at solving the problems that exist within the highly fragmented logistics industry.
Stears Business is a digital information company with high-quality information on Africa. Stears collects, structures, analyses, and disseminates information to enterprise (Stears Data) and individual customers (Stears Business).
Taeillo is premium Afro-urban furniture and Lifestyle design Brand with afro-centric contemporary furniture pieces using its E-commerce and social commerce platform that embeds Augmented and Virtual Reality to amplify personalized customer experience.
“With the completion of this first round, we are super excited and eager for the next funding round which will be opened at the end of March 2021,” announced CcHUB.
“Our first investment round lasted six weeks and we received mind-blowing investor feedback. Since the launch in December, more than 400 Investors signed-up to the syndicate, and over 30 investors have completed the KYC process and are committed to investing in the future of the African Innovation and Technology ecosystem.