Mozambican startup appload will represent the country at an annual event that brings together startups, investors and investment funds from across the African continent.
VC4A and the African Business Angels Network (ABAN), entities responsible for the event, announced the 16 startups that will participate in the event, the Africa Early Stage Investor Summit. After a selection process among nearly a thousand applications, the startups were divided into two categories, depending on their stage and investment needs.
The first category, called Seed, included startups with needs between 400,000 and 8 million US dollars, and the second, Series A, comprises startups with investment needs between 1.5 and 10 million US dollars.
Appload, which is among the 16 startups in the Seed category, is a Mozambique-based app that connects customers in need of freight transport with carriers, thus contributing to cost efficiency and transparency in the logistics sector. Appload operates in the domestic and cross-border markets.
The selected startups will participate in this virtual investment forum, which will take place on November 4 and 5. During the month of October, appload founders will have access to training sessions from renowned investors, mentorship on various investment topics, talks with speakers and the opportunity to interact with venture capital funds established on the continent.