Y Combinator (YC), a startup accelerator based in California (U.S.), will be visiting Lagos from 23-28 September 2016 on a tour of the Nigerian technology ecosystem. With investments in high profile startups like Airbnb, Dropbox and Stripe, Y Combinator is known as the world’s most powerful start-up incubator. YC attracts talented entrepreneurs from all over the world and has recently invested in African startups like Paystack, OMG Digital and Flutterwave, to mention a few.
This tour is in line with YC’s Office Hours in 11 Countries, where partners will meet with technology entrepreneurs from across the globe with the intention to find and fund the next big technology startup. The Lagos leg is curated and hosted by Ingressive, an investment group that connects Africa’s top founders with Silicon Valley capital and expertise, and will kick off with a speaking event on September 23, 2016 at the Startup Friday.
This event is scheduled to be held at Landmark Event Center and is expected to have over 70 investors and 950 startup founders in attendance. This will be followed by an investors’ dinner for West African angels, a visit to Cranium One, a press conference for startup media, a CcHub luncheon, and a She Leads Africa accelerator brunch. Representing YC on this tour are the CEO, Michael Seibel (co-founder of Justin.tv/Twitch.tv and SocialCam) and a Partner, Qasar Younis (founder of Talkbin, which was acquired by Google). Seibel and Younis will also be present at TechCircle’s event to share expert knowledge and experience on Building a Startup. This second event will take place on Saturday, September 24, 2016 at the Lagos Business School, Lekki.
“We want to fund the best startups from around the world,” said Qasar Younis, Partner at Y Combinator. “We’ve met some very talented founders from Africa, and we can’t wait to meet more founders in Lagos to see how we can help this startup community.”
“In the past couple of years we’ve seen a strong increase in Y Combinator applications from Nigeria and we’ve funded a number of great teams and products,” said Michael Seibel, Partner at Y Combinator. “One great example is Paystack, founded by Shola Akinlade and Ezra Olubi, who are building a developer friendly payments API for Africa.”
Speaking on the potential of the African market as a promising space for foreign investment, Maya Horgan-Famodu, founder at ingressive says, “The recent successes of African technology companies including iROKO and Interswitch have encouraged foreign investors to get active on the continent. This upcoming visit from YC partners—as well as the recent visit of Facebook founder, Mark Zuckerberg—further validates the position of Nigeria as one of the key players in the African technology ecosystem.”
For more information, contact Ingressive by email jenny (at) ingressive (dot) com or visit them online at www.ingressive.co.
Ingressive is an investment group with a 5,000-member investor and mentor network focused on innovative Sub-Saharan technology. Ingressive is supporting a new generation of African entrepreneurs by providing them a platform to build and connect with top US investors, and US investors a place to access top African founders. Join their upcoming Tour of Tech in Lagos, as well as High Growth Africa Summit with hundreds of African founders and 100+ global investors this November. With a commitment to empowering African entrepreneurs, Ingressive provides access to the right investors and resources that entrepreneurs need to grow. For more details and enquiries, visit ingressive.co and sign up for the newsletter, to keep updated on future events with Silicon Valley in Sub-Saharan Africa. Or contact the founder Maya Horgan-Famodu, directly by mail: firstname.lastname@example.org
About Y Combinator
Y Combinator created a new model for funding early stage startups. Twice a year Y Combinator invests a small amount of money ($120k) in a large number of startups (most recently 107). The startups move to Silicon Valley for 3 months, during which Y Combinator partners work intensively with them to get the company into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day, when the startups present their companies to a carefully selected, invite-only audience. Y Combinator and its alumni network continues to help founders for the life of their company, and beyond. Founders can apply at http://www.ycombinator.com/apply/.