Diabetes monitoring startup wins a $50,000 Seed Boost fund during Speed@BDD’s fifth Demo Day
By Wamda Staff / Wamda - Image Credit: Wamda
SOURCE: Wamda - Diabetes monitoring startup wins a $50,000 Seed Boost fund during Speed@BDD’s fifth Demo Day
Diabetes monitoring Lebanese startup Spike, won the second edition of Speed@BDD’s Seed Boost and take back home $50,000 equity investment (five percent) which will help it further grow and develop its product in the upcoming months prior to securing the next round of investment.
Spike had pitched along with the six other startups that were part of Speed@BDD’s fifth acceleration program.
The pitch took place in front of two angel investors, Elias Houayek and Mouhamad Rabah, and three VC funds representatives (Cedar Mundi, MEVP Impact Fund, and Phoenician Funds) during the Demo Day V, on Monday March 26 2018, at the Four Seasons Hotel in Beirut.
The fifth acceleration phase which began in November 2017 had started with a two-week selection program, after which seven teams were selected. Besides Spike, the other startups were:
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Actachef, an meal kit online platform where users can order their favorite healthy meal and get it delivered to their doorsteps in a box. The box includes fresh, washed, and pre-portioned ingredients with a recipe that can be easily followed and prepared in less than 35 minutes.
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Cabbis, a cloud-based service offered to traditional taxi companies on a subscription-based model. It allows for a smooth transition from their current model to an Uber-like model, and therefore, for the scaling of their business.
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CraveHome, an online platform that allows users to buy fresh and delicious homemade meals prepared by home cooks whose kitchens are certified by the platform’s food safety program.
Source: wamda.com