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Wednesday, February 10, 2021

Black-Owned Startup Joins Investment Platform With a Market Cap of More Than $26B

A Pan-African marketplace called AfriBlocks has partnered with Techstar, a global platform for investment and innovation.

Tongayi Choto and Roger Roman, founders of AfriBlocks

Nationwide — At AfriBlocks, they dare to design the future of work in Africa and beyond. By connecting a growing network of African freelancers with paying jobs across the Diaspora, they are poised to do their part to offset the impending global tech talent shortage. In a major boost to our efforts, Afriblocks is honored to announce that we have been selected as a part of Techstars Seattle’s 2021 cohort!

Since its inception in 2006, Techstars has guided 2,379 companies to raise more than $11.4 billion in investments. Fueled by its mentorship-driven program, Techstars is steadily building a legacy of successful startups, with more than 80% of participating companies being active or acquired.

Thousands of companies apply worldwide for ten spots in the accelerator. As an official participant, AfriBlocks represents the less than 1% of applicants chosen. In this prestigious position, AfriBlocks will be advised by mentors, investors, partners, and Techstars alumni. For 13 weeks, our already talented team’s skills and know-how will be further enhanced, which will spawn more innovation. “Joining the Techstars Seattle class of 2021 is a considerable milestone in the early development of AfriBlocks,” reacts CEO and co-founder Tongayi Choto, “The timing couldn’t be better as we continue to see development in the African tech ecosystem, which only increases our long-term growth opportunities.”

Co-founder Roger Roman added, “The world is our community, and we’ve made a commitment to develop tools that can break down borders across the Diaspora while positioning Africa as a leader in the global freelance economy. Having a strategic partner like Techstars puts us in a position to achieve this at a faster rate than we’d ever imagined.”


About AfriBlocks
AfriBlocks is a global Pan-African marketplace of vetted African freelance professionals equipped with intuitive collaboration tools and a secure payment system that makes it easy to get remote projects completed on time, affordably.

About Techstars
Techstars is the global platform for investment and innovation. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and Techstars Communities. The Techstars accelerator portfolio includes more than 2,000 companies with a market cap of more than $26 billion.

For press inquiries, contact AfriBlocks at roger@afriblocks.com or 323-394-8201.