- Orbit invested in 6 startups in its latest cohort, committing $180,000 initially.
- The VC targets diverse founders and emerging markets like Africa and Pakistan.
- Orbit supports portfolio companies beyond capital like partnerships and fundraising help.
Key investments in Orbit’s latest cohort
Orbit Startups, a venture capital firm commanding over $180 million in assets, has invested in six startups across various industries in its latest cohort.
The investments signal Orbit’s continued interest in emerging markets and technologies.
Among the new additions to Orbit’s portfolio are three companies catering to underserved markets. Nigeria-based Scalex offers Web3 payment infrastructure to enable crypto and fiat currency transactions for African businesses.
Pakistan-based MedIQ Smart Healthcare connects patients to care providers in the Middle East, North Africa, Afghanistan and Pakistan. United Arab Emirates-based Revent serves the MENA region with its circular gadget marketplace.
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Commitment to diverse founders and emerging technologies
In addition to the initial $180,000 investment, Orbit provides its portfolio companies with access to more capital, partnerships, business development support, fundraising assistance, and growth programs.
Founded in 2010 as an initiative of SOSV, Orbit has invested a total of $70 million in startups worldwide.
“We look for startups with strong teams tackling big problems, especially in untapped markets,” said Orbit CEO Patrice Milos. “This new batch aligns with our goals of backing diverse founders and investing in technologies shaping the future like Web3.”
To read the original story in its entirety: https://www.techinasia.com/orbit-backs-6-startups-latest-cohort
