Pre-seed African startups invited to apply for funding from DFS Lab

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Founders of pre-seed African startups have been invited to apply for the DFS Lab accelerator, which offers funding of up to US$50,000 and additional support to companies building the future of digital commerce in Africa. 

DFS Lab invests in early-stage digital commerce companies serving African markets, with its portfolio including mostly fintech, e-commerce, and logistics startups.

Applications are currently open for its next cohort, participants in which will receive an initial US$25,000 in pre-seed funding, with the option for additional investment at a later date. In addition, DFS Lab also provides post-investment support that includes a tailored growth plan for each team, office hours, mentor matching, and cohort-wide meetings. 

The programme culminates in a virtual demo day, with DFS Lab introducing teams to its own network of investors. The programme is entirely remote, and is aimed at startups with at least a minimal viable product and considerable user feedback.

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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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