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GSMA Ecosystem Accelerator

Europe, England, United Kingdom, London

Description

The GSMA Ecosystem Accelerator is a prominent initiative within the GSMA's Mobile for Development programme, headquartered in London, United Kingdom. Its core mission is to foster innovation and scale mobile-enabled solutions in emerging markets, primarily across Africa and Asia. The Accelerator achieves this by building crucial synergies between local startups and mobile operators, aiming to leverage mobile technology to address pressing socio-economic challenges and unlock new opportunities.

The program's approach involves providing comprehensive support beyond just capital. It offers equity-free seed funding, technical assistance, and mentorship, coupled with facilitating strategic partnerships between selected startups and mobile network operators. This unique model helps startups overcome common barriers to growth, such as access to market, distribution channels, and technical expertise. The Accelerator focuses on diverse sectors, including agri-tech, digital identity, energy, health, and financial services, all leveraging mobile technology to create impactful services for underserved populations.

Since its inception in 2016, the GSMA Ecosystem Accelerator has demonstrated significant impact. The program has disbursed over £10.5 million in equity-free funding, supporting a portfolio of 50 start-ups across various emerging markets. This substantial investment underscores its commitment to nurturing local innovation ecosystems and driving the adoption of mobile services that contribute to sustainable development. By connecting innovative startups with the vast reach and resources of mobile operators, the Accelerator plays a pivotal role in accelerating the growth of digital economies and improving lives in some of the world's most dynamic regions.

Investor Profile

GSMA Ecosystem Accelerator has backed more than 40 startups, with 0 new investments in the last 12 months alone. The firm has led 37 rounds, about 93% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant, Seed rounds (top funding stages).
  • Majority of deals are located in Kenya, Myanmar, Indonesia.
  • Strong thematic focus on Information Technology, Software, Logistics.
  • Typical check size: $127K – $317.5K.

Stage Focus

  • Grant (93%)
  • Seed (8%)

Country Focus

  • Kenya (10%)
  • Myanmar (8%)
  • Indonesia (8%)
  • Nigeria (8%)
  • France (5%)
  • Mauritius (5%)
  • Uganda (5%)
  • Mozambique (5%)
  • Senegal (5%)
  • Zambia (3%)

Industry Focus

  • Information Technology
  • Software
  • Logistics
  • Mobile
  • Education
  • E-commerce
  • Apps
  • Health Care
  • Human Resources
  • Financial Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does GSMA Ecosystem Accelerator frequently co-invest with?

Elahi Group of Companies
Asia, Sindh, Pakistan, Karachi
Co-Investments: 1
Acumen
North America, New York, United States, New York
Co-Investments: 1
All On
Africa, Lagos, Nigeria, Ikoyi
Co-Investments: 1
Blue Earth Capital
Europe, Zug, Switzerland, Baar
Co-Investments: 1
Seedstars
Europe, Geneve, Switzerland, Geneva
Co-Investments: 1
Aruwa Capital
Africa, Lagos, Nigeria, Lagos
Co-Investments: 1

What are some of recent deals done by GSMA Ecosystem Accelerator?

Koolboks

Rosny-sous-bois, Ile-de-France, France

Koolboks provides a storage technique due to the superior insulation and ice battery technology employed in the design.

BatteryEnergy Storage
SeedAug 18, 2022
Amount Raised: $2,500,000
Taskmoby

Addis Ababa, Adis Abeba, Ethiopia

Taskmoby is a home services application and will allow users find service providers to fulfill tasks around.

Consumer GoodsHome Services
GrantDec 15, 2018
Amount Raised: $126,480
AgroCenta

Port Louis, Port Louis, Mauritius

Agricultural technology platform creating shared value for smallholder farmers and businesses

E-CommerceFarmers MarketLogistics
SeedDec 14, 2018
Amount Raised: $400,000
AgroCenta

Port Louis, Port Louis, Mauritius

Agricultural technology platform creating shared value for smallholder farmers and businesses

E-CommerceFarmers MarketLogistics
GrantDec 1, 2018
Amount Raised: $250,000
Coliba

Accra, Greater Accra, Ghana

Coliba is a company collection and household waste management that makes use of computer technology to innovate in its industry.

ComputerInformation TechnologyMobile Apps
GrantNov 1, 2018
SkyEye

Samoa, California, United States

SkyEye Pacific is a Vanuatu registered Information Technology Company.

Information ServicesInformation TechnologySoftware
GrantNov 1, 2018
Amount Raised: $230,000
KEA Medicals

Cotonou, Littoral, Benin

KEA Medicals aims to interconnect African hospitals through a single database in order to manage the whole patient medical information.

Health CareMedical
GrantNov 1, 2018
Qlue

Jakarta, Jakarta Raya, Indonesia

Qlue is a smart city ecosystem company that is based on artificial intelligence and IoT technology.

AnalyticsArtificial Intelligence (AI)Data VisualizationInternet of ThingsSoftware
GrantNov 1, 2018
Greenovator

Yangon, Yangon, Myanmar

Greenovator is the mother company of Green Way providing agricultural services in Myanmar.

AgricultureFarming
GrantNov 1, 2018
Eneza Education

Nairobi, Nairobi Area, Kenya

Eneza Education is working in Kenya, Ghana and Cote d'Ivoire using simple mobile technology, to build an educational ecosystem.

EducationInformation Technology
GrantNov 1, 2018