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XL-Africa
Accelerator
1 Jan 2017
South Africa
Cape Town
Agriculture, Education, Energy, Fintech, Gaming, Maritime & Transport, Resource management, Smart cities
English

XL Africa is A pan-African pilot program with the objective of scaling up high-growth digital start-ups that are providing services, generating revenue, and creating jobs. XL Africa is supported by the World Bank group's Infodev program, with financial assistance from the governments of Finland, Norway and Sweden and managed by implementing partners IMC worldwide, VC4africa and Koltai & co.

XL Africa looks for later stage digital solutions from any sector vertical, with services or products available on the market now. This includes includes, but is not limited to fintech, agriculture, transport, energy, health, education, smart cities, gaming, resource management, media and many more.
ntech, agriculture, transport, energy, health, education, smart cities, gaming, resource management, media

Access to Capital: During XL Africa connect startups with angel investors and venture capital firms to help startups raise growth capital to approximately $1.5M.
Advice: Startups will have access to a wide roster of mentors and advisors with extensive local and international experience as entrepreneurs or investors. Based on the needs, the startups will have access to domain and business expertise, and each XL company will be paired with two lead mentors, one local and one global, to provide complete guidance throughout the program.
Brand Visibility: XL Africa's media contacts heldp startups in the program start-up's visibility.

XL Africa looks for startups with a team of at least three people with base in one of the countries of Sub-Saharan Africa. The startup must have a very strong management team with a digital product or service available on the market , with demonstrated tangible traction, evidence of revenue and scalability.
They look for startups seeking investment capital in the range of $250K - $1.5m