An exclusive investment network founded by tech
alumni in Southeast Asia expands
to support and fuel the vibrant African startup ecosystem.
SINGAPORE, Oct. 10,
2024 /PRNewswire/ -- XA Network, a leading investment
network founded by tech alumni in Southeast Asia, today announced its expansion into
Africa with the launch of XA
Africa. The move underscores the network's vision and commitment to
fostering innovation and supporting promising startups
globally.
XA Africa is founded by a trio of experienced tech
professionals:
- Nitin Gajria, former MD of
Google Sub-Saharan Africa
- Jason Scott, venture capitalist
and an architect of the Black Founders Fund at Google
- Marek Dawidowicz, current
Marketing Director at YouTube and South African native
"Founders of technology startups in Africa are uniquely placed to solve some of
Africa's most profound challenges
and unlock its greatest opportunities. We see the foray of XA
Network into Africa as a natural
progression, allowing us to connect amazing founders to experienced
and expert operators from the tech industry", says Nitin Gajria, Co-Founder of XA Africa.
XA Africa aims to connect exceptional African tech founders with
seasoned investors and industry experts, primarily from global and
regional technology companies, to provide not just capital but also
the guidance and support needed to scale their ventures. The newly
established XA Africa has already made notable investments in
promising African startups, including:
- Crop2Cash (Nigeria)
- BuuPass (Kenya)
- Kaya (South Africa)
- Talamus Health (Ghana)
"We are excited to have XA network on board
because of their strong network of experts who are open to
listening and helping. They've introduced us to advisors from
Expedia and truly understand the dynamics of emerging markets,
making them a valuable investor." - Sonia
Kabra & Wyclife Omondi - Founders of BuuPass
"Partnering with XA Network has been a
game-changer for our company. Their strategic guidance and network
have opened doors to new opportunities, and we're excited to see
the impact of our collaboration continue to unfold. We're grateful
for their trust in our vision." - Michael
Ogundare - CEO of Crop2Cash
Since its inception six years ago, XA Network has established
itself as a significant player in the Southeast Asian startup
ecosystem, making nearly 100 investments in the region, and
consistent ranked as #1 investment network in the region. XA
Network comprises senior leaders from prominent global and regional
technology companies and notable company founders. This approach
distinguishes XA Network, enabling it to offer portfolio companies
unparalleled guidance and support from experienced industry
operators.
We also see an opportunity to build a stronger bridge between
ecosystems in Africa and
Southeast Asia along the way. In
fact, this investment hypothesis has already been proven across
some of the African founders we are currently supporting.", Mr
Gajria added.
The XA Africa team will be hosting their first public Demo
Day webinar on Thursday November 7,
1-2pm GMT+1, where Africa
focused investors can meet and invest in four founding companies
and learn more about XA Africa. Click here to register for the
event.
For more information, please
visit https://xanetwork.co/
For media queries, please contact:
Carmelita
Lumempouw-Didoné
press@xanetwork.co
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SOURCE Xa Africa Pty Ltd