Nigeria’s Printivo selected for 500 Startups programme

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Nigeria’s Printivo selected for 500 Startups programme :

Nigerian digital printing startup Printivo is one of 44 companies selected for the 20th batch of the San Francisco-based 500 Startups accelerator programme, which will see it gain access to training, mentorship and US$112,500 in funding.

Launched in 2014, Printivo helps Nigerian startups and SMEs print business and marketing materials with ease, and is also working with blue chip firms such as Google, Samsung, Stanbic IBTC, Honda and Uber.

The Printivo platform allows users to select their product and template, upload images and input their information, pay online, and have the final product delivered straight to their doorstep.

Having raised a six-figure funding round from early-stage technology venture capital firm EchoVC Partners in 2015, and been voted Nigeria’s most investable startup last year, the company has now been selected to take part in the 500 Startups programme alongside 43 others from across the world.

Over the course of the four-month programme, which began last month and culminates with a demo day in May, Printivo will receive workspace, mentorship and access to the 500 Startups network. It has also received US$150,000 in seed funding, though US$37,500 in programme fees have been deducted.

500 Startups has selected a number of African startups in recent batches, with Nigerian companies Aella Credit and Talentbase selected for batch 19. Nigeria’s Podozi, South Africa’s SweepSouth and Ghana’s Kudobuzz have also taken part in recent programmes.

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Joshua Engr/Technician

Joshua Engr/Technician

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