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Founded in 2011, 88mph is a seed fund and accelerator with operations in Nairobi, Cape Town, and Lagos. The firm focuses on early-stage web and mobile startups targeting the African market, providing both funding and mentorship. They have backed six companies to date.
88mph invests in pre-seed and seed-stage startups with the potential to scale across Sub-Saharan Africa, primarily in the consumer sector. The firm offers seed funding and mentorship to help entrepreneurs develop their businesses and attract further investment.
Notable portfolio companies include Mdundo, an African music platform; Apex Peak, a short-term working capital finance platform; Ahoy, a flight booking service; Graphflow, a recommendation engine; Babygroup, an online shop for new parents; and Diarize.me, an appointment management service.
Submit your pitch through their form at 88mph.ac.
88mph runs an accelerator program that offers seed funding and mentorship to early-stage startups in Africa. Interested founders can apply through their website.
88mph typically participates in seed rounds and may lead investments depending on the opportunity and the startup's potential.
The firm is open to follow-on investments if the startup demonstrates significant growth and potential for further scaling.
Specific details about the current fund size are not publicly available, but 88mph focuses on seed funding for early-stage startups.
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