ADVERTISEMENT
TechEconomy
Tuesday, June 3, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Techstars Lagos Shuts Down

Techstars Lagos Shuts Down

Meanwhile, Program Manager Oluwadunni Fanibe has transitioned to a new role at Google

Joan Aimuengheuwa by Joan Aimuengheuwa
November 1, 2024
in StartUPs
0
Techstars Lagos Accelerator Shuts Down
Source: Techstars Lagos/X

Source: Techstars Lagos/X

RelatedPosts

Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

June 3, 2025

BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

June 2, 2025

The ARM Labs Lagos Techstars Accelerator, a known initiative supporting early-stage startups in Africa, has officially ceased its operations, announcing the discontinuation of its third cohort programme that commenced in March 2024. 

Confirmation of the programme’s closure came from Matthew Grossman, Techstars’ global Chief Brand and Communications Officer. In his communication, he noted, “Techstars’ partnership with ARM Labs has ended, and we will not proceed with a third ARM Labs Lagos Techstars Accelerator Program. The first two cohorts featured outstanding companies and founders, supported by a dedicated group of mentors.” 

Since its inception in December 2022, the accelerator has helped local talent, having successfully completed two cohorts and welcomed 24 startups into the Techstars portfolio. 

Each of these startups benefitted from funding of up to $120,000, along with invaluable mentorship from industry experts. Notable companies that emerged from the programme include Surge Africa, Rana, PressOne Africa, and Jump n Pass.

Despite the programme’s closure, the founders and their ventures will retain their status as part of the Techstars portfolio, ensuring continued access to resources and support from the extensive global Techstars network. 

Grossman commented on collaborations within Nigeria’s startup industry, “We remain committed to engaging with the local startup community to sustain our presence in this innovation hub.”

The ARM Labs Lagos Techstars Accelerator represented a critical link in the venture capital sector, facilitating investments totalling around $2.4 million across its operations. 

This initiative has contributed to addressing pressing socio-economic challenges in Africa, providing startups with the tools to tackle issues such as unemployment and financial inclusion.

In a farewell letter dated September 20, 2024, Managing Director Oyin Solebo acknowledged the experience gained from the programme and its impact on the local entrepreneurial community. 

Meanwhile, Program Manager Oluwadunni Fanibe has transitioned to a new role at Google, further illustrating the dynamic nature of the region’s tech talent.

The closure of the ARM Labs Lagos Techstars Accelerator is both a challenge and an opportunity for emerging innovators to seek new ways for growth and development in a changing startup environment.

Loading

Advertisements
MTN ADS

0Shares
Tags: ARM Labs LagosARM Labs Lagos Techstars AcceleratorMatthew GrossmanOyin SoleboTechstars Lagos
Previous Post

OpenAI Introduces Search Functions in ChatGPT, Threatening Google’s Stronghold

Next Post

MVNE: MobileCoreX (MCX) Seals Multi-Million Dollar Deal with WTL to Build New Mobile Core Network

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval
StartUPs

Moniepoint to Acquire 78% of Kenya’s Sumac Bank After Regulatory Approval

by Joan Aimuengheuwa
June 3, 2025
0

The transaction is still pending a green light from the Central Bank of Kenya (CBK), which has the final say...

Read more
BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

BPC Expands Operations in Nigeria, Appoints Dapo Adeosun as MD

June 2, 2025

LuminX Closes $5.5M Round to Scale Edge AI for Smarter Warehousing

June 2, 2025
Top U.S. Cities Where Tech Professionals Earn Over $100k

Top U.S. Cities Where Tech Professionals Earn Over $100k

June 2, 2025
Helpster

Helpster: Leveraging Tech to Improve Healthcare Access for Vulnerable Populations

June 2, 2025
Grammarly Secures $1 Billion from General Catalyst

Grammarly Secures $1 Billion from General Catalyst

May 30, 2025
Next Post
MVNE - MCX and WTL seal deal for mobile network

MVNE: MobileCoreX (MCX) Seals Multi-Million Dollar Deal with WTL to Build New Mobile Core Network

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.