Web Summit 2017 Welcomed African Startups seen as gems in the tech world
Written by: MyPressportal Team Save to Instapaper
Legazy, facilitating romance between investor and South African startups
JOHANNESBURG, South Africa, November 21, 2017/APO Group/ --
Legazy (www.Legazy.co.za) returned to the 2017 Web Summit after having attempted to purchase a Web Summit conference in 2016 with $1million USD letter of intent. Legazy founded by Zuko Tisani one of the world’s top 350 entrepreneurs under the age of 26, according to the Kairos Society, arrived in Lisbon with Africa’s largest TMT company Telkom and their executives prepared to purchase a Web Summit conference to be hosted in South Africa for the next 3-years. The deal went cold when both parties couldn’t come to an agreement on the numbers. Zuko’s relationship with Web Summit began earlier that year when he attended the Rise conference in Hong Kong and with platinum band was treated to Web Summit’s hospitality and had dinner discussions with the founder of Web Summit Paddy Cosgrave and other tech giants Dave McClure from 500 Startups. It was at dinner where the offer of $1million USD was given to Zuko.
Instead of giving up on the hopes of bringing the tech world to Africa, Legazy pivoted and took the largest African delegation to the tech world. Twenty startups and two of their board of investors, one being Lebo Gunguluza, South African judge on Dragons Den (networth est. $20mil) and Stephen Newton Former CEO Naspers e-Commerce and Google Africa.
Of the twenty startups that exhibited at the Web Summit, most of the South African entrepreneurs were funded by Standard Bank, Africa’s largest bank and major partner of Legazy. Because Zuko sits on the advisory board of the Chamber of Commerce of Lisbon and South Africa so was able to give intimate engagement to all startups from Business Leaders in Lisbon, Incubators, VC’s etc.
The stories that have come from the entrepreneurs selected for the excursion are amazing, a lot of them had left South Africa only for the first time because of the Web Summit sponsorship. Some of the wins involve upwards of $300,000 in investment (term sheet stage).
Incubation offers to Startup Boot camp London. Partnership with Portuguese bank BNI Banco for one of the Fintechs and valuable connections made for expansion. Startup Lisboa will be incubating a South African startup in February to April 2018.
Legazy continues its pursuit on locking down a major international conference partner for 2018 in South Africa, the market and interest is there to grow the community and improve the ecosystem, from last year’s $1million USD Letter of Intent it seems that the budget is there though too. Legazy which mainly focuses on sourcing investment-ready startups and getting brokering seed investments from its large pool of investors hopes to be the needed gateway for the world to recognize Africa for its beauty and talent.
Distributed by APO Group on behalf of Legazy.
We submit and automate press releases distribution for a range of clients. Our platform brings in automation to 5 social media platforms with engaging hashtags. Our new platform The Pulse, allows premium PR Agencies to have access to our newsletter subscribers.
Latest from
- Jacaranda FM and Do More Foundation Fund Climate-Ready ECD Centres With R1.7-Million in Donations
- IPG Mediabrands Sees 28% Surge in Search Trends as iProspect Gains Ground Despite Industry Slowdown
- Blok and NSRI Partner to Tackle Drowning Risks With National Water Safety Education Campaign
- Capegate Celebrates Women’s Day With Inspiring Talks and Creative Connection at Centre Court
- Brahman Hills Wins Top KZN Business Award for Redefining Sustainability in the Hospitality Sector
- Retroviral Clinches Silver as Small International Agency at Prestigious AdAge Awards 2025
- Public Urges Stronger Vetting of Marriages to Foreign Nationals During Hearings on South Africa’s Marriage Bill
- Bravado’s Rapiya Unpacks the Power Shift From Agencies to Creators in Today’s Attention-Driven Market
- World Hepatitis Day Shines Light on Liver Health as Affinity Health Urges Proactive Screening and Care
- Government Marks Major Milestones in Executing State Capture Commission Recommendations
- Uniq Clothing Celebrates Continued Growth With New Store Showcasing Premium Fabric Innovation
- From Data Overload to Strategic Insight Finance Teams Must Rethink Their Role in the Modern Enterprise
- Rainbow Chicken Unites for Mandela Day to Empower ECD Centres With Climate Play Education Packs
- Mzansi Magic Turns 15 After Transforming Local Content Into a Generational Cultural Movement
- Northern Cape Touted as Catalyst for Energy Transition and National Growth at Presidential Engagement
The Pulse Latest Articles
- Liezel Van Der Westhuizen On Why Winter Workouts Feel Harder And How To Stay Consistent (July 28, 2025)
- From Eastern Cape To England: Zintle Mpupha’s Road To The Rugby World Cup (July 27, 2025)
- Athini Magodla Reveals Why Modern Refreshment Fuels Performance Over Perfection In Today’s Wellness Culture. (July 27, 2025)
- Why More Mums Are Choosing Less Sugar - Not No Sugar (July 27, 2025)
- Scaling Hospitality: How Jimmy Eracleous Runs Two Of Moo Moo’s Top-performing Franchise Restaurants (July 27, 2025)