Solarbox and Socium announce a $5 million and $1 million USD round of financing.

I&P is proud to announce a major step in the development of two of its portfolio companies, Socium and Solarbox, which have just successfully raised strategic funds. These operations mark a decisive turning point for these innovative companies, which are committed to accelerating access to sustainable energy and digital solutions for African populations.

 

 

 

 

 

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Sammanté

Sector of activity: Digital, Tech
Status: Financement d'amorçage
Entrepreneur: Haskè Ventures, Pauline Barra
Country: Senegal
A propos:

Sammanté is a Senegalese company that offers its customers digital health coupons. A sammanté health coupon is a digital coupon that allows each beneficiary to pay for their medical expenses in public hospitals and pharmacies. The health coupons are available at a fixed monthly rate and provide financial cover for a range of health services, including consultations, medical check-ups, medicines and surgery. 

The entrepreneur

Sammanté was founded in 2023 by Haskè Ventures and Pauline Barra. Haskè Ventures is a venture studio that supports start-ups with seed capital, strategy development, talent sourcing and operational support. Pauline Barra is a young Senegalese woman with experience in auditing and finance, and in entrepreneurship.

Partnership with I&P and Teranga Capital

Sammanté is supported by I&P Accélération Technologies, a €2.5 million programme to finance and support around 15 start-ups in sub-Saharan Africa, backed by AFD through  Digital Africa. In Senegal, this programme is implemented by Teranga Capital.

This partnership will enable the start-up to

  • Improve its product by enhancing existing functionalities
  • Strengthen the technological dimension
  • Refine its positioning and develop a brand image
  • Strengthen its sales and technical teams
  • Expand to other countries in the sub-region
In portfolio since: 2024

AS Pharm

Sector of activity: Digital, Tech
Status: Financement d'amorçage
Entrepreneur: Regis SALAKO, Sidick ABOUDOU
Country: Ivory Coast
A propos:

Founded in 2016, AS Pharm is an innovative pan-African start-up that offers pharmacies a SaaS platform to optimise their operational management. This comprehensive solution covers all the essential aspects of their business, such as sales management, customer relations, invoicing, stock tracking, accounting, data analysis, and much more. Available both online and offline, the platform guarantees total flexibility to meet the specific needs of each pharmacy.

The entrepreneurs

AS Pharm was co-founded by two entrepreneurs, Régis Salako and Aboubakar Sidick Aboudou:

  • Régis Salako is an experienced IT professional with a solid university education and more than 10 years' experience in the sector. He graduated from the University of Rennes in 2012 with a Master's degree in Computer Science specialising in MIAGE (computer methods applied to business management).
  • Aboubakar Sidick Aboudou has gained significant experience in the IT sector, having worked as an Analyst Programmer, Design Engineer and Information System Manager in an IT consultancy firm in France for seven years. He graduated from ENSSAT (Ecole Nationale Supérieures des Sciences Appliquées et de Technologie) in 2011 with a degree in Software and Computer Systems Engineering.

Partnership with I&P and Fako Capital

AS Pharm is supported by I&P Accélération Technologies, a €2.5 million programme to finance and support around 15 digital start-ups in sub-Saharan Africa, backed by AFD through Digital Africa. In Côte d'Ivoire , this programme is implemented by Comoé Capital.

This partnership will enable the start-up to :

  • Recruit technical and sales staff 
  • Expand its activities in Côte d'Ivoire and accelerate its growth in Senegal.
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In portfolio since: 2024

I&P releases its Annual Impact Report

 

I&P is thrilled to announce the release of its Annual Impact Report for the year 2023.

The report offers a comprehensive overview of I&P's activities, achievements, and impact throughout the year, showcasing the growth and transformational changes spurred by the organization's commitment to entrepreneurship in Africa.

The anual impact report notably covers an overall look at I&P's activities and a detailed review of our impact, following our 6 impact pillars

 

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Unlocking Catalytic Capital for African SMEs: discover our new report

 

In a new report entitled “Using Catalytic Capital to Foster African Entrepreneurs in Underserved Markets,” published in partnership with the Catalytic Capital Consortium, I&P showcases the effectiveness of catalytic capital in supporting African SMEs, offering recommendations to expand its use.

 

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ParCsmart

Sector of activity: Digital, Tech
Status: Financement d'amorçage
Entrepreneur: Gabriela Marin, Lamine Ba
Country: Senegal
A propos:

ParCsmart is a Senegalese company that offers its customers physical and technological parking solutions. This SME has built a parking lot with a capacity of 300 spaces in the heart of the city of Dakar. The site is equipped with two smart barriers connected to the entrance. Thanks to the software, an account manager monitors movements and issues receipts. He is assisted by a security guard whose role is to direct motorists. ParCsmart also has a platform that offers a parking management interface for parking professionals and any other institution with dedicated parking spaces. The platform integrates an interface dedicated to the end users, customers of the operators.

The entrepreneurs

ParCsmart was founded in 2018 by Maria Gabriela MARIN and Lamine BA, specialists in digital project management with over 40 years of experience.

Partnership with I&P and Teranga Capital

ParCsmart is supported by I&P Acceleration Technologies, a €2.5 million program aimed at financing and supporting fifteen digital start-ups in Sub-Saharan Africa, supported by AFD through the Digital Africa initiative. In Senegal, Teranga Capital is in charge of implementing this program.

This partnership will allow this start-up to : 

  • Hire technical and commercial staff
  • Strengthen its equipment and physical materials for parking management to build connected barriers
  • Acquire computer equipment
In portfolio since: 2022

Innovex

Sector of activity: Digital, Tech, Energy
Status: Financement d'amorçage
Entrepreneur: Douglas K. Baguma, David Tusuubira
Country: Uganda
A propos:

Innovex is a Ugandan company that has developed a smart meter coupled with an IoT solution that bridges the gap between solar energy providers/distributors and their last mile customers by giving the ability to remotely monitor, manage and turn on/off installed solar systems. This solution can be deployed in a variety of solar energy systems such as home systems, water pumps, cold chain storage and transportation systems, etc.

 

The entrepreneurs

Innovex was founded in 2015 by Douglas Baguma and David Tusubira with the purpose of creating technology equipment and solutions that remotely monitor the use and performance of off-grid solar energy.

Douglas K. Baguma has over six years of experience in the renewable energy industry and worked as a solar energy consultant on projects for the World Bank and the Center for Energy Conservation Research (CREEC) before establishing Innovex.

David Tusubira has accumulated extensive experience in several engineering fields, e.g., Internet of Things (IoT), automation, hardware, software development as Principal Investigator at iLabs@MAK at Makerere University (a Design, Art & Technology engineering college), where he conducted research projects and taught robotics (programming and basic electronics).

 

Partnership with I&P and Inua Capital

Innovex is supported by I&P Accélération Technologies, a €2.5 million program that aims to finance and support fifteen digital start-ups in Sub-Saharan Africa, supported by AFD through the Digital Africa initiative. In Uganda, Inua Capital is in charge of implementing this program.

This partnership will enable Innovex to: 

  • Scale its business model 
  • Expand its reach across Africa 
  • Diversify its product offering 

In portfolio since: 2022

I&P publishes its Annual Impact Report

 

I&P is pleased to present its Annual Impact Report, that presents the collective results of our different programs and funds.

The report presents an overview of I&P's activities and impact methodology and goes through our six impact pillars : developing Africa entrepreneurship, creating decent jobs, providing SDG-aligned goods and services, promoting women's empowerment, strengthening the local economic fabric and fostering environmentally-friendly development.

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