MEST

MEST Incubator is a venture capital arm of Meltwater Entrepreneurial School of Technology specializing in incubation, seed, early stage, and startups. The firm seeks to invest in software startups with a focus on SaaS, consumer internet, ecommerce, digital media, and healthcare information technology. The firm seeks to invest in Sub Saharan Africa with a focus on Ghana. The firm prefers to invest in graduate companies of the incubation training program. It typically invests between $0.03 million and $0.2 million in exchange for a minority equity stake, usually less than 30 percent, in the companies. MEST Incubator was founded in 2010 and is based in Accra, Ghana.

Celine Duros

Director of Global Operations, Finance and Governance

Joshua Okpata

Venture Partner

Past deals in Ghana

Oze

Seed Round in 2020
OZÉ, Inc. is a Ghana-based company founded in 2016 that provides an Android application designed for small businesses to manage their finances effectively. The OZÉ app allows users to track sales, expenses, and customer information, offering tailored recommendations and reports based on the analyzed data. It also provides business education and access to support through OZÉ Coaches. By leveraging machine learning, OZÉ can assess credit risk and connect businesses with affordable capital from banking partners. With over 20,000 registered users, OZÉ has established itself as the largest online community of small and medium enterprises in Ghana. The platform has demonstrated significant success, with 97% of businesses using OZÉ for at least nine months reporting growth or profitability.

Tendo

Seed Round in 2020
Tendo designs and develops a platform, which allows people to resell ready-to-ship products available on the platform. The company sources products from different suppliers and delivers it to the customers of the resellers. Tendo was founded in 2019 and is based in Accra, Ghana.

KPI Lens

Pre Seed Round in 2020
KPI Lens Limited develops a cloud-based monitoring and evaluation platform for project managers and stakeholders. It tracks and generates real time insights of KPI reports. KPI Lens Limited was founded in 2020 and is based in Accra, Ghana.