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Eleven African Startups Selected for 2021 Y Combinator Summer Batch

Eleven African startups have been selected for 2021 ‘s Y Combinator’s Summer Batch, with Nigeria leading the pack with four startups.

An American seed funding accelerator, Y Combinator which invests $125k in selected startups in exchange for 7% equity every two years, has announced eleven African startups for the 2021 Y Combinator Summer Cohorts.

This announcement comes on the heels of its 2020 Winter batch earlier this year where 10 African startups were accepted into its accelerator program. The selected startups will receive $125,000 each in seed funding as well and will also be exposed to further investment opportunities on the demo day in September.

Nigeria leads the pack of selected African startups with four (4) startups, followed by Morocco with two (2), Egypt with two (2) as well, Ghana with one (1), South Africa with one (1) as well, and making its debut, Zambia with one (1) startup admitted into the Ycombinator summer batch cycle.

Below are the African startups that made the cut this year:

Mecho Autotech Ltd (Nigeria)

Suplias (Nigeria)

Payhippo (Nigeria)

Infuiss Health (Nigeria)

Yemaachi Biotechnology (Ghana)

Amenli (Egypt)

ShipBlu (Egypt)

Chari co (Morocco)

Freterium (Morocco)

FloatPays (Pty) Ltd (South Africa)

Union54 (Zambia)

Y Combinator Facts:

Y Combinator has funded 716 companies. They have a combined total market cap of $30 billion based on their funding round valuations and have raised a total of $3 billion. Three of the companies are valued at over $1 billion: AirbnbDropbox, and Stripe. Before this batch, YC would typically get 7% of each in exchange for a $17,000 seed investment and admission to the program. It’s invested a total of roughly $12,172,000.

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