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Orange Digital Ventures to Invest Up to €150,000 in 7 Startups in MEA

Orange Digital Ventures - Founder360

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Orange Digital Ventures to Invest Up to €150,000 in 7 Startups in MEA

Orange Digital Ventures will invest between €50,000 to €150,000 each in seven startups in Africa and Middle & East in its Africa & Middle East Seed Challenge.

Orange Ventures Africa Middle & East is a dedicated investment stream of Orange group on the African Middle & East continent with € 50 million in assets under management and 5 companies in the current portfolio.

The challenge is open to Seed-stage startups in Cameroon, Côte d’Ivoire, Egypt, Morocco, Senegal, Tunisia and Jordan who have not raised more than €1m in total equity funding.

Read: MEST Africa Announces 83 Country Finalists for the 2020 Africa Challenge

In addition to funding, the selected startups will receive up to12 month’s mentorship from the Orange Digital Ventures team.

The investees will be announced by September 2020 and will integrate the Orange Ventures Africa Middle & East portfolio.

Interested startups have up to 19th July 2020 to submit their applications here.

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