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Lori Systems bags first ever TechCrunch entreprene...

Lori Systems bags first ever TechCrunch entrepreneurship challenge in Africa

It was a moment of joy in Nairobi as Lori Systems beat fifteen contestants in the first ever TechCrunch entrepreneurship challenge to emerge the winner.

The Kenyan-based company also bagged a cash prize of US$ 25,000 plus an all-expense ticket for two to compete in the TechCrunch Battlefield slated for San Francisco in 2018.

In the event, Kenya presented five entrepreneurs, which was the highest compared to the regions in Africa.

Lori Systems embraced a team of judges who termed it as one of the most promising company in Sub-Saharan Africa.

It emerged number one in the productivity and utility category whereas Syncommerce and AgroCenta all from Ghana won in the gaming and entertainment and social good categories.

Lori Systems seeks to offer logistical support to companies in order to ensure convenience and cost-reduction.

TechCrunch Startup Battlefield Africa 2017, sponsored by Facebook, searched for Sub-Saharan Africa’s best innovators, makers and technical entrepreneurs.

Startup Battlefield has been bringing world-class founders into the spotlight since 2007. 700 contestants have gone on to raise $7 billion in funding and rack up nearly 100 exits. Battlefield Alumni include Mint, Dropbox, Yammer, TripIt, Getaround and Cloudflare. The judges included TechCrunch editors as well as top VCs and entrepreneurs:

  • Andreata Muforo, Tide Africa Fund
  • Leo Stiegeler, Ringier Africa
  • Helen Jennings, Naatal
  • Eghosa Omoigui, EchoVC
  • Wale Ayeni, IFC
  • Bosun Tijani, CEO at CcHub
  • Bob Collymore, CEO of Safaricom
  • Sacha Poignonnec, CEO of Jumia

 Ned Desmond, COO at TechCrunch said, “We decided to bring the Battlefield to Sub-Saharan Africa because its tech market is on the rise – the region has produced its first unicorn in the shape of Jumia, exits are increasingly frequent, and global venture capitalists are taking note. Our judges were impressed by the high quality of the finalists, their creativity and their focus on solving real problems, often with limited resources.

 He added that he hopes that Battlefield Africa will shine a light on the many promising, world-class young tech companies in the region.  “We look forward to meet Lori Systems again in San Francisco, where it will join the best and brightest entrepreneurs, investors, hackers, and tech fans in the world for the global Startup Battlefield.”


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