Techstars and ARM Labs to Invest $1.4 Million in 12 African Startups 

Techstars, an African startup investor has partnered with ARM Labs, a Nigerian accelerator, in its second cohort for its Lagos-based accelerator programme. The cohort comprises 12 startups from Ghana, East Africa and Nigeria, and has four teams with at least one female co-founder in each startup. Each startup receives $120,000 in funding, along with valuable benefits like $400,000 in cash equivalent hosting, accounting, and legal support, with the comprehensive package, exceeding $5 million in total value. The selected startups will also receive lifetime access to the Techstars global network, company-building support, and mentorships.