88mph is taking a break from investing in startups
June 10th, 2015
88mph have invested in 36 companies during 2011 – 2014 in Kenya and South Africa and have fully invested our funds. In the next 18-24 months, we will focus on working with the companies we have all ready funded to get some good return for our investors and founders. So, if you are a startup looking for funding in these markets, then we will unfortunately not be able to help you at the moment.
We would like to thank all the people who have been involved in 88mph and our activities thus far – mentors, investors, founders, EiRs, interns, sponsors, staff, and media – all of whom have been an invaluable source of support in the past 4 years. Its amazing to see how much the environment for starting and growing companies in Africa has developed in this short time. I’m certain we will see even more successful companies emerge over the next few years.
Best,
Kresten
