Syndicate by CcHUB wraps up 2021 by impacting and supporting over 60 high growth technology startups in Africa

In December 2020, we launched Syndicate by CcHUB, a new investment vehicle that allows angels, investing groups and institutional investors to co-invest with us in high growth technology startups in Africa.

This investment vehicle was designed to mobilise a percentage of diaspora remittances to Africa with the objective of unlocking additional local and counterpart funding that deepens the quality of capital available to local entrepreneurs. Furthermore, Syndicate seeks to redirect the non-consumption in the application of diaspora remittance for technology companies in Africa.

The brand journey has been exhilarating with the many highs and lows that frame the venture funding and support ecosystem. From the mission to staying true to the pan–African vision, to keeping an open mind that allows the brand to uphold her mandate of being sector agnostic, the team has challenged itself to deliver on its assignment to help the diaspora, local HNIs and even institutions support amazing founders building technology solutions for the future.

In 2021, Syndicate by CcHUB invested in 11 companies led by amazing founders across 7 different verticals like consumer and lifestyle, logistics, health, fintech, data and business intelligence, Agritech and identity management. 45% of the portfolio companies are female-led, aligning with the brandโ€™s ethos to support gender balance in the companies invested in.

Some of the companies within the Syndicate portfolio include the following:

All this could not have happened without the growing investor communityย of more than 700 participants composed of Africans in the Diaspora, Local HNIs, angel investors and institutions who share the same passion as our Syndicate brand to support foundersโ€™ building for Africaโ€™s future.

Beyond in-house investing work, the team was honoured to work with the Google team to deploy the $3 million from the Black Founders Funds to 50 amazing African founders. The process was an exciting one from selection through post-grant support. Particularly as it aligned with the brandโ€™s ethos.

The team had many other amazing engagements, one of which was supporting the Rwandan Ministry of ICT with a 2-week intensive boot camp focused on equipping 25 select founders with the requisite knowledge to scale their ventures and become investment-ready. The crescendo of the engagement was the inaugural Hanga pitch fest where the Top 5 of the 25 founders pitched to high calibre guests. The event had in attendance the President of The Republic of Rwanda who presented the Top 5 with their awards.

The Board played an integral role in our performance this year by providing the team with guidance and support required to execute its mandate.ย 

We are conscious of the fact that there is still more ground to cover in the new year, more startups to support, more investors to inspire, more founders to empower and new ideas and innovation to unearth. The entire team is psyched by the new territories to be covered in the new year!!

Click on this link to partner with us by investing in amazing companies.