Key Developments

Endeavor and FMO Launch Second Cohort of African Agritech Accelerator

Endeavor and FMO, the Dutch entrepreneurial development bank, have announced the launch of the second cohort of their African Agritech Accelerator program.
This initiative aims to empower early-stage African agritech ventures by providing them with tailored support, mentorship, and access to a global network of investors.

The program is scheduled to commence in January 2024 and will build on the success of the first cohort, which ran from February 2022 to February 2023.
The program’s primary goal is to address the growth challenges faced by agritech startups across the African continent and expand the cohort’s scope to include agri-adjacent tech startups.

Leveraging Endeavor’s customized mentoring approach and extensive network, entrepreneurs will have the opportunity to connect with subject matter and industry experts, as well as potential investors.
This support will help these entrepreneurs become “investment-ready” and, in turn, foster the development of a thriving agritech sector on the African continent.

In addition to FMO’s support, AfricaGrow has joined as a co-funder for the program, underscoring their joint commitment to fortifying the agritech industry in Africa.
This partnership aims to actively grow the pipeline of investable ventures and attract more local, regional, and global investors, which is essential for achieving scale.

This project receives funding through the Entrepreneurial Ecosystem Building component of the FMO Ventures Program Technical Assistance Facility, co-funded by the Dutch Government and the European Union.  

About Endeavor

Endeavor is the world’s leading community dedicated to high-impact entrepreneurs.
With a presence in over 40 offices worldwide, including six in Africa, Endeavor boasts a global network comprising more than 5,000 mentors, 500 growth investors, and 2,200 high-impact entrepreneurs.  

About FMO

FMO is the Dutch entrepreneurial development bank. As a leading investor in emerging markets, FMO supports sustainable private sector growth that creates jobs and prosperity. 

About AfricaGrow

AfricaGrow is a €600 million investment fund dedicated to supporting the growth of small and medium-sized enterprises (SMEs) in Africa.
The fund is managed by Allianz Global Investors and advised by DEG Impact GmbH. AfricaGrow invests in a wide range of sectors.

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