The startup is seeking to raise between $100,000 to $250,000 in pre-seed funding, having already secured $20,000 through bootstrapping, grants, and pitch competitions. The funds will be used to scale the business across Africa and invest in new recycling infrastructure in Ghana.
Key takeaways:
- Ghana-based startup AppCyclers is addressing the e-waste crisis in Africa through an online marketplace where individuals and businesses can buy and sell recyclable electronic waste.
- Due to the lack of local recycling infrastructure, AppCyclers is also involved in the collection of e-waste and plans to invest in new recycling infrastructure in Ghana.
- AppCyclers is currently seeking to raise a $100,000 to $250,000 pre-seed, and has secured $20,000 so far through bootstrapping, grants, and pitch competitions.
- The startup is also developing an AI model to automate the manual process of pricing waste items, aiming to provide a hassle-free experience for consumers using their platform.