Nigerian startups dominated the list, comprising 23 of the 60 chosen from across Africa. Kenya comes in second with 12 startups, followed by Rwanda with six. Five of the selected startups are from South Africa, four from Uganda, and three from Ghana, and Cameroon. Ethiopia had two startups on the list, while Senegal and Botswana each had one.
Startups in fintech, health tech, and logistics led the list by sector.
In 2021, Google invested $3 million in 50 Black-led African startups through the fund. “In 2022, we are taking our support a notch higher by investing $4 million into 60 Black-led startups. Since 2021, our startups have gone on to raise $87 million in follow-on funding and have hired 500+ more staff,” Google stated.
According to Google, it will introduce the startups to its products, connections, and best practices in order to level the playing field as they develop better products and services that benefit the African economy. The 60 startups will each get up to $200,000 in Google Cloud credits and up to $100,000 in equity-free cash.
Here is a list of the 23 startups selected from Nigeria:
Some of the selected startups from other African countries are Healthlane, Ajua, Bee, Mapha, Eversend, Kapsule, Garri Logistics, FlexPay, Exuus, KUDIGO, Keep IT Cool, Brastorne, and Built.