88mph has teamed up with L5 Lab to bring early-stage investing to Nigeria. 440 NG is a joint venture between 88mph and L5Lab. The company provides startups with a $20k-110k investment for a 10-25% equity. 440 NG will focus on startups that target the African markets and are scalable via web or mobile. The company accepts up to 10 startups per program with a focus on refining products, business models, and go-to-market. Learn more about their investment terms here: 440 NG
Applications close: August 1, 2014
All startups will be notified by August 31st. Program runs from September 10th till December 10th.