The three selected tech-enabled startups will utilise the funding received from Outlierz Venture to transform Africa’s traditional industries in various sectors including; fintech, healthtech, logistics, and supply chain.
In an official press release, Kenza Lahlou, co-founder and Managing Partner of Outlierz Ventures, comments on the most recent investment made into the selected tech startups and how Covid-19 influenced their decision to invest.
“We are delighted to announce our new investments in three African technology companies and are very proud of the outstanding results of our portfolio. The African market represents a huge opportunity to build innovative tech-enabled platforms that transform traditional business models across key sectors of the economy. The crisis we are currently experiencing is accelerating this digital transformation. This has been demonstrated by the recent acquisition of Paystack, a Nigerian fintech in payments, by the US leader, Stripe valued at $34-billion, for over $200-million last October. This is a major event in the African tech ecosystem that, we are confident will catalyze others.”
Founded in 2019, Outlierz Ventures is made up of a conglomerate of entrepreneurs and investment experts. The aim of the VC fund is to assist early-stage startups that are contributing to Africa’s essential industries in finance, health, and supply chain.
The VC fund invests in startups located in Morocco, Egypt, Nigeria, and Kenya which are reportedly Africa’s most dynamic ecosystems.
Since its inception, Outlierz Ventures have invested in a total of eight startup companies across Africa.