The Y Combinator Summer Batch 2022 was physical but virtual friendly for the first time since the pandemic hit hard.
This edition included an in-person retreat followed by weekly meetups in San Francisco and around the world.
The accelerator received 19,000 applications from founders around the world and funded 240. These founders have been prepared to represent their companies to an invite-only audience of investors at YC’s 35th Demo Day.
Among the startups in this batch:
- 50% applied more than once
- 43% were accepted with only an idea
- 36% raised money before Y Combinator
- 71% had zero revenue before Y Combinator
- 7% had more than $50k of monthly revenue when accepted
From across 34 countries, these startups ranged from several sectors:
- 39% were in B2B/Enterprise SaaS
- 21% in Fintech
- 13% in DevTools
- 9% in Consumer
- 9% in Healthcare
- 3% in Proptech
- 3% in Aerospace
- 2% in Climate, Energy, or Sustainability
- 1% in Education
The Nigerian startups in the Y Combinator Summer batch 2022 are:
- Pivo Technologies Inc
A digital bank for freight carriers in Africa founded in 2021 by Ijeoma Akwiwu and Nkiru Amadi-Emina
- FoodCourt
Virtual restaurants and stores for Africa, FoodCourt was founded by Paul Adokiye Iruene and Henry Nneji in 2021.
Segun Adeyemi, Gbekeloluwa Olufotebi and Olamide Sobowale founded Anchor in 2022. The startup is a Banking-as-a-Service platform for Africa.
- Chowdeck
An on-demand food delivery platform founded by Olumide Ojo and Lanre Yusuf in 2021.
- Bridgecard
A card issuer for Africa founded by Tunde Adewole and Festus Owumi in 2021.
“S22 companies are building in more than 100 verticals. There isn’t an industry being touched by software that we don’t fund. During the batch, we divide the companies into 33 small groups that are organised by vertical. The groups meet for bi-weekly office hours led by 18 group partners and visiting group partners. During these group office hours, founders help each other and get the benefit of an intimate setting within the larger batch.”
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