Africa’s Best-Known Tech Funder Is Taking a Break from Investing in Startups
88mph, a startup funder and accelerator whose model is along the lines of Silicon Valley’s Y Combinator, was founded with much enthusiasm in 2011 (paywall) by Kresten Buch, a Danish entrepreneur.
Now it’s putting on the brakes.
Buch made the announcement in a blogpost published yesterday, June 10:
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.