By Tobias Pius
Lagos-based innovation center, Co-Creation Hub (CcHub), has declared a premier round of investments made by a syndicate it rolled out late last year.
CcHub in December 2020 launched the CcHub Syndicate – an investment vehicle geared towards empowering investment firms and high net worth individuals (HNWIs) globally to co-invest alongside the hub in the most innovative firms within sub-Saharan Africa.
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CcHub already runs Growth Capital Fund, but has been on a roll with expansions across Africa recently, taking up Kenyan incubators iHub and eLimu, an ed-tech startup and then the launch of The Syndicate by CcHub.
These three companies are with valuations up of $17.5 million focused on building critical digital infrastructure to be deployed across Africa and they are meant to be a real big catch within the tech ecosystem of 2021 in the eyes of prospective partners and investors.
CcHub’s first investment round lasted six weeks and received enormous investor feedback. Since December’s launch over 400 investors have signed up to the syndicate with more than 30 investors completing the KYC process and are ready to invest in the future of the African innovation and technology ecosystem.
On closing this round, CcHub has stated its readiness to deploy $267,500 to bridge financing into these companies so as to enable critical milestone achievements ahead of their next funding cycle.