TechInAfrica – In an ecosystem with stakeholders ready to support early-stage businesses with mentoring and co-working spaces, and investors that ready to make the first step to launch feels like a walk on a cake with their offered grants, debts, or equity, it is no strange wonder that eventually, the country will become a giant load of startups filling parts of the country.
The presence of hubs and accelerators in Ethiopia also helps catalyze the startups’ growth and businesses in general, allowing key business players to see where they’re going with more firm calculated steps.
Here are the 5 rising Ethiopian Startups to watch this year:
The cloud-based project management startup offers a transparent, efficient, and profitable solution for construction projects on the continent. It has two plans for its service, individual and enterprise, which offer a broader range of features. It has received funding from The Baobab Network ($25k) earlier this year and has recently raised an undisclosed seed round for its regional expansion.
Greenery sustainability is part of Cambridge Industries’ commitment and interest to tackle and achieve in the country, with its ‘holistic’ waste management technology, and renewables solution. It has a total of $12.m in the funding round.
Founded in 2014, the beef processing plant raise premium beef set for exports in its 1,300 ha feedlot and crop farming facility in Adami Tulu. It has raised a total of $7.4m in three periods, with participation from 8 Miles and CDC Investment.
Simbona is a healthcare startup that designs medical equipment and ICT related to the healthcare system. The five people run the startup, which has resulted in creative initiatives, such as their Infant Radiant Warmers that keep babies protected from cold temperatures. It received a grant last year, amounting to $150k.
Gebeya is the talent pool for hirers and freelancers alike, allowing the two groups to connect and set a deal or contracts. Accepted freelancers into the platform are curated by the startup’s tight scanning system. It has so far funded with $3.2m and acquired Coders4Africa, full-service software and consulting company in 2018.
It is interesting to see the diverse portfolio in the Ethiopian ecosystem. The country is filled with both passionate startups and the challenges they need to tackle, and with the country’s increasing exposure to the ICT sectors, these startups will be able to think and present more out-of-the-box solutions for the Ethiopians as well as the global citizens.