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M-SCAN emerges winner of the TechCrunch Startup Battlefield Africa 2018

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M-SCAN, a Ugandan company that specialises in developing portable mobile ultrasound devices (Ultrasonic probes), was crowned as Sub-Saharan Africa’s Most Promising Startup at TechCrunch Startup Battlefield Africa 2018, held in Lagos, Nigeria on 11 December

Bettr, a virtual banking experience powered by the smartphone and data emerged runner-up.

TechCrunch Startup Battlefield Africa 2018, sponsored by Facebook, sought to find Sub-Saharan Africa’s best innovators, makers, and technology entrepreneurs.

Leveraging on the success of last year’s event in Nairobi, Kenya, the second edition of TechCrunch Startup Battlefield Africa exceeded the breakthrough and success of last year’s event.

Fifteen African companies were shortlisted from hundreds of entries and competed to be chosen as Sub-Saharan Africa’s Most Promising Startup. The overall winning startup’s founders will be awarded US$25,000 in cash plus a trip for two to compete in Startup Battlefield at TechCrunch’s flagship event, Disrupt in 2019. This is a valuable boost for the winner in a continent where funding—particularly venture capital investment—is in short supply.

Since 2007, 778 Battlefield startups have raised a collective $8.5 billion in funding after launching on stage, with a total of 105 exits. In the past year, TechCrunch has held Startup Battlefield across the globe in cities including Sao Paulo, Beirut, Sydney and Nairobi. In Startup Battlefield Africa, M-SCAN follows in the footsteps of the 2017 winner, Lori Systems, which has significantly grown revenue, headcount and geographical reach since competing in the event. Hailing from Kenya, Lori Systems have built a logistics platform that is revolutionizing the cargo-transport value chain in Africa.

“Africa’s tech ecosystems is really coming into its own as successful entrepreneurs scale up their businesses and achieve good exits and IPOs. The strength of the entries for this year’s Startup Battlefield Africa 2018 confirms that there is no shortage of creative inventors, makers, and entrepreneurs in sub-Saharan Africa,” says Mike Butcher, Editor at Large, TechCrunch.

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News Source: Tech.Africa

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