Google for Startups Black Founders Fund Africa
Overview
The Google for Startups Black Founders Fund Africa is a corporate initiative that provides equity-free capital and support to early-stage, Black-founded technology startups across Africa. The program aims to bridge the racial inequality gap in venture capital funding. In addition to non-dilutive cash awards of up to $150,000 per startup, recipients also receive Google Cloud credits, advertising support, and hands-on mentorship from Google experts. The fund has run several cohorts, including a $3M fund for 50 startups in 2021, a $4M fund for 60 startups in 2022, and a $4M fund for 25 startups in 2023. The program targets startups headquartered in various African countries, including Nigeria, Kenya, South Africa, Ghana, and others.
Portfolio Companies
5
Website
startup.google.comInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Advantage Health Africa | Oct 2021 | Grant | Co-investor |
| Treepz | Nov 2021 | Seed | Co-investor |
| Ekie | Sep 2022 | Accelerator | Co-investor |
| Stears | Sep 2022 | Grant | Co-investor |
| FlexPay | Sep 2022 | Grant | Co-investor |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Google for Startups Black Founders Fund Africa based?
Headquarters information for Google for Startups Black Founders Fund Africa is not publicly available.
When was Google for Startups Black Founders Fund Africa founded?
Founding year information for Google for Startups Black Founders Fund Africa is not publicly available.
How many portfolio companies does Google for Startups Black Founders Fund Africa have?
Google for Startups Black Founders Fund Africa has 5 portfolio companies in Caplight's dataset.
What are some companies in Google for Startups Black Founders Fund Africa's portfolio?
Portfolio companies visible on Caplight include Advantage Health Africa, Treepz, Ekie, Stears, FlexPay.
What was Google for Startups Black Founders Fund Africa's most recent investment shown here?
Google for Startups Black Founders Fund Africa's most recent investment in this portfolio sample was in FlexPay in 2022.
What sectors does Google for Startups Black Founders Fund Africa focus on?
Google for Startups Black Founders Fund Africa focuses on Enterprise Software, Mobility, Transportation & Logistics, FinTech, Healthcare & Life Sciences, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, Consumer & Commerce, Consumer & Commerce, Consumer & Commerce.
What company stages does Google for Startups Black Founders Fund Africa focus on?
Stage focus information for Google for Startups Black Founders Fund Africa is not publicly available.