Seed Afrika looking to fund SA energy, health, fintech startups

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Entrepreneur support organisation Seed Afrika is on the lookout for startups within the energy, water, healthcare and financial services sectors that are seeking funding this year.

The US-based Seed Afrika aims to help promising entrepreneurs in the Southern Africa region connect with seed-stage capital and mentorship from Silicon Valley, working with its networks in the region to source vetted deals for early-stage investors.

It has now partnered South African firm Entrepreneur and Management Solutions to source emerging entrepreneurs looking for funding within the next year, with startups required to be fully registered and compliant, and operating within the specified sectors.

Funding is available for seed or series A cycles ranging from US$25,000 upwards, with likely investors looking for sustainable, profit-based investment return opportunities in Africa.

“Seed Afrika is currently looking for applicants for the 2016 funding round. Qualifying businesses will be matched to investors based on their profiles and investment needs,” the partners said.

“Both investors and businesses owners will meet together in Cape Town in October 2016 for a final round of discussion and pitching. During this time investment deals will be offered to those businesses that are accepted.”

Applications for Seed Afrika can be done through the Cape Town-based Entrepreneur and Management Solutions, with interested parties able to get in touch here for a detailed application form and initial assessment process.

Entrepreneur and Management Solutions will conduct the initial assessment and due diligence before advancing applications to Seed Afrika for consideration.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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