ThriveAgric, a Nigerian-based tech startup has been selected to take part in the 24th edition of the 500 Startups accelerator program.
The acceleration program takes place in Silicon Valley and the participating startups stand to gain up to $150,000 and hands-on training and mentorship. The 500 Startups is a leading acceleration program and is renowned for its innovation, with over 2,000 startups from around the world having passed through its program.
The next cohort of startups will be its 24th acceleration program set to kick off in September this year.
There are already a number of African startups that have gone through the acceleration program including two startups from Egypt in batch 23 and three from Nigeria in batch 22. Though for the next round of the acceleration program, it is only ThriveAgric from Nigeria that has made the cut to the program. It will join 21 other startups from across the United States, France, Hong Kong, and Chile.
ThriveAgric was also among the 12 African startups that participated in the inaugural Google Launchpad Accelerator Program. Its product is a crowdfunding platform that provides farmers the finance needed to grow their businesses while offering ordinary individuals a chance to invest in agriculture.