Search company, investor...

Predict your next investment

Business Plan Competition
mestafricasummit.com/pitch-competition

Investments

22

Portfolio Exits

2

Partners & Customers

1

About MEST Africa Challenge

MEST Africa Challenge is a business plan pitch competition hosted by the Meltwater Entrepreneurial School of Technology (MEST) at the MEST Africa Summit in Cape Town.

Headquarters Location

40 Dock Road

Cape Town, 8001,

South Africa

+233-30-393-3257

Want to inform investors similar to MEST Africa Challenge about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest MEST Africa Challenge News

Kwely of Senegal has won the Mest Africa Challenge 2022

Dec 12, 2022

Birame Sock, a Senegalese entrepreneur, launched the digital platform Kwely to distribute products made in Africa. Kwely receives US$50,000 in equity investment, access to experienced business coaches, mentors, and global investors, joining MAC’s other successful firms such as Kilimo Fresh in Tanzania, OZE in Ghana, Snode Technologies in South Africa, Waya Waya in Kenya, and Accounteer in Nigeria. “For the Kwely Team and I, winning the MEST Africa Challenge means a lot. Although being an entrepreneur is never simple, it is truly my passion. Receiving this acknowledgement gives us the encouragement and assurance we require to move forward. Birame Sock, founder and CEO of Kwely, remarked that it is crucial to keep in mind that we have a network of incredible individuals around us who are rooting for us when times are tough. Out of four other startups from Ghana, Nigeria, Kenya, and South Africa that made the finals, the female-founded startup was named the winner. At the end of a four-month program during which over 500 technology startups from five African countries were narrowed down, the winners were announced at the Demo Day and Final Pitch Competition held in Accra. The 2022 MEST Africa Challenge was sponsored by Codeln, Copianto, Google, Dream VC, Heny, Impact Hub-Dakar, Hubspot for Startups, Paystack, and Wiflix and organized in collaboration with Absa Bank Ghana. A shortlist of 36 technology startups from five different African nations was announced after the application stage of the competition’s web platform. These startups were invited to participate in the regional pitch competition, from which the final five finalists were selected. The regional champions and finalists from Nigeria, Senegal, Ghana, Kenya, and South Africa, Sproutly (Nigeria), Kwely (Senegal), Hisa (Kenya), and Desert Green Africa (South Africa), were flown to Ghana to represent their countries on Demo Day. The MEST Africa Challenge (MAC), which was founded in 2018, has given hundreds of technology entrepreneurs throughout the continent a platform to raise money, develop professional networks, and earn recognition on a worldwide scale. Startups from Ghana, Nigeria, Kenya, Senegal, and South Africa submitted hundreds of applications to this year’s competition when it started in July.

MEST Africa Challenge Investments

22 Investments

MEST Africa Challenge has made 22 investments. Their latest investment was in Kwely as part of their Biz Plan Competition on December 12, 2022.

CBI Logo

MEST Africa Challenge Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/7/2022

Biz Plan Competition

Kwely

$0.05M

Yes

7

9/24/2020

Biz Plan Competition

Ghanaian Heny

$0.1M

Yes

1

9/23/2020

Biz Plan Competition

Tendo

$0.1M

Yes

1

9/23/2020

Biz Plan Competition

Subscribe to see more

$99M

Subscribe to see more

10

9/23/2020

Biz Plan Competition

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/7/2022

9/24/2020

9/23/2020

9/23/2020

9/23/2020

Round

Biz Plan Competition

Biz Plan Competition

Biz Plan Competition

Biz Plan Competition

Biz Plan Competition

Company

Kwely

Ghanaian Heny

Tendo

Subscribe to see more

Subscribe to see more

Amount

$0.05M

$0.1M

$0.1M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

7

1

1

10

10

MEST Africa Challenge Portfolio Exits

2 Portfolio Exits

MEST Africa Challenge has 2 portfolio exits. Their latest portfolio exit was Accounteer on August 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/12/2022

Acquired

$99M

2

8/9/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/12/2022

8/9/2022

Exit

Acquired

Acquired

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

2

10

MEST Africa Challenge Partners & Customers

1 Partners and customers

MEST Africa Challenge has 1 strategic partners and customers. MEST Africa Challenge recently partnered with Moringa School on April 4, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

4/12/2017

Partner

Kenya

Moringa School Partners with MEST To Bring Technology Courses To Talent Across Africa.

In the partnership , MEST Africa will also receive access to the Moringa School alumni network and community to recruit for its Accra-based Entrepreneurial Training Program .

1

Date

4/12/2017

Type

Partner

Business Partner

Country

Kenya

News Snippet

Moringa School Partners with MEST To Bring Technology Courses To Talent Across Africa.

In the partnership , MEST Africa will also receive access to the Moringa School alumni network and community to recruit for its Accra-based Entrepreneurial Training Program .

Sources

1

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.