OceanHub Africa aims to support and nurture startups that aim to combat global warming, overexploitation, and pollution of the ocean.
Its accelerator program connects such startups with a network of highly qualified stakeholders and facilitators and provides them with sustainable pathways towards stable profits and scalable growth opportunities throughout Africa.
Six startups participated in its latest program: Kenya’s Kuza Freezer, Tanzania’s Healthy Seaweed Co, Reunion’s Reef Pulse, Egypt’s ReNile, Tunisia’s Tunisia Baits, and South Africa’s Akili.
The eight-month program focused on personal, product, and business development while preparing ventures for investment opportunities.
It concluded with an in-person boot camp in Cape Town earlier this month, where the six startups underwent a week of intensive training to accelerate their journey toward investor readiness and sustainable business growth.
On the final day of the boot camp, participating startups showcased their innovations and pitched for potential investments in front of a mock-investment panel.
The startups that participated in the boot camp were also allowed to network with potential investors, mentors, and partners.
Renew Capital, a leading impact investor focused on Africa’s high-growth enterprises has announced a strategic investment in Zuri, a fast-rising beauty brand determined to transform the African beauty landscape.
Johannesburg-based business process outsourcing (BPO) company Procera Group has secured R346 million (US$18.8 million) in funding from Africa-focused investment firm Vantage Capital.
South African-based VC firm Knife Capital has closed its anticipated $50 million African Series B Expansion Fund.
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