Home Startups Pangea Accelerator’s 2021 Scale-Up Program to Invest up to $3m into East African Startups

Pangea Accelerator’s 2021 Scale-Up Program to Invest up to $3m into East African Startups

by Milcah Lukhanyu
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Pangea Accelerator has launched a scale-up program to support start-ups and grow them from seed to series A to enable more African entrepreneurs to gain access to the capital they need to accelerate their enterprises.

Pangea Accelerator will invest between $0.5m to $3m into East African startups as only 6% of local founders have raised over $1m compared to startups founded by expatriates. Pangea Accelerator aims to help bridge the gap between entrepreneurs and investors and provide them with the skills they need to take their start-ups to the next level.

“Our program’s design has been tailored to fit the needs of local enterprises based on feedback we received from different start-ups in East Africa”– Jonas Tesfu, CEO and Cofounder of Pangea Accelerator.

The good news for start-ups is that the program is sector-agnostic and looking for the best start-ups in different sectors of the economy. If you are a driven entrepreneur looking for an opportunity to take your business to the next level, click here to apply for the program.

There are plenty of great benefits of joining the program. The chosen start-ups will receive access to private funding between $0.5 – 3 million. In addition to that, they will receive tailored coaching sessions to suit their specific business requirements and optimal matching of investors to fund their businesses. The icing on the cake is that the start-ups get to tap into the vast networks that Pangea Accelerator has.

The scale-up program will be 18 months long to ensure that the selected start-ups will have all the support they need. The start-ups will receive coaching relevant to the needs of their businesses and will receive funding from different investors. The program also focuses on building long-term relationships that will extend beyond the 18-month duration.

Pangea Accelerator is a Norwegian-based accelerator and an investment platform operating in East Africa that matches African startups with investors, foundations and development agencies to reach a global scale.

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