Orbit Startups Accelerator Invests in 6 Diverse Ventures
Three of these startups are dedicated to serving untapped markets.
Orbit Startups, a venture capital firm with a portfolio of over $180 million in assets, has unveiled its latest cohort of promising startups.[1]
The VC powerhouse has strategically selected six companies spanning diverse industries, including Web3, e-commerce, and healthtech, for its latest round of investments.
Three of these startups are dedicated to serving untapped markets.
Among the ventures is Scalex, a Nigeria-based firm pioneering a B2B Web3 payment infrastructure tailored to empower businesses across Africa to seamlessly transact in both crypto and fiat currencies, bridging the gap between traditional finance and the decentralized economy.
In a similar vein, MedIQ Smart Healthcare, hailing from Pakistan, has garnered attention for its platform connecting patients with healthcare providers, with a focus on addressing healthcare challenges in the Middle East, North Africa, Afghanistan, and Pakistan regions.
Furthermore, Revent, headquartered in the UAE, is known for its circular marketplace for gadgets, catering specifically to the needs of the MENA region, where sustainability and tech innovation are increasingly in demand.
Orbit Startups not only provides a substantial initial investment of $180,000 to its portfolio companies but also offers ongoing support in the form of access to additional capital, strategic partnerships, business development assistance, fundraising guidance, and growth mentorship.
Established in 2010 as a program by SOSV, Orbit Startups has invested a cumulative total of $70 million in promising ventures worldwide.