Orbit Startups Managing General Partner William Bao Bean / Photo credit: SOSV
Orbit Startups has revealed its new batch of portfolio companies from its latest cohort.
The VC firm, which commands over US$180 million in assets, has invested in six companies from different industries – including Web3, ecommerce, and healthtech.
Three of the six startups primarily cater to underserved or untapped markets. One of them is Nigeria-based Scalex, which offers a B2B Web3 payment infrastructure to help businesses in Africa transact in both crypto and fiat currencies.
Meanwhile, Pakistan-based MedIQ Smart Healthcare, which connects patients with care providers, focuses on the Middle East, North Africa, Afghanistan, and Pakistan areas.
And United Arab Emirates-based Revent serves the MENA region with its circular marketplace for gadgets.
Orbit Startups gives its portfolio companies a US$180,000 initial investment and then access to more capital later on. It also helps these companies with partnerships, business development, fundraising, and growth.
It was established in 2010 as a program by SOSV and has since invested a total of US$70 million in startups globally.
See also: A list of SEA’s unicorns and their early investors (Updated)
Editing by Jaclyn Tiu
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
