Mozambican start-up Appload will represent the country at an annual event that brings together start-ups, investors and investment funds from across the African continent.
VC4A and the African Business Angels Network (ABAN), the entities responsible for the event, announced last week the 16 start-ups that will participate in the Africa Early Stage Investor Summit. After a selection process covering around 1,000 applicants, the start-ups were divided into two categories, according to their internship and investment needs.
The first category, called Seed, included start-ups with needs between US$400,000 and US$8 million and the second, Series A, comprises start-ups with investment needs between US$ 1.5 million and US$10 million.
Appload, which is among the 16 start-ups in the Seed category, is a Mozambique-based app that connects customers in need of cargo transport and carriers, thus contributing to cost efficiency and transparency in the logistics sector. Appload operates in both domestic and cross-border markets.
The selected start-ups will participate in a virtual investment forum on the 4th and 5th of November.
During the month of October, Appload founders had access to investor training sessions, mentoring on various investment topics, lectures with speakers and the opportunity to interact with venture capital funds operating on the continent.