Interact Labs secures $60,000 in funding
Source: Disrupt Africa
Egyptian startup Interact Labs, which develops solutions that enhance collaboration, has secured funding commitments worth $60,000 after taking part in Zoom-based “Shark Tank” equivalent The Nest.
Disrupt Africa reported last week on the Covid-19 lockdown-inspired The Nest, a Zoom-based digital event where each week three startups pitch to a panel of angel investors, and anyone else that wishes to listen, in a bid to secure funding.
Interact Labs develops hardware and software products that enhance collaboration, increase engagement and effectiveness through an enhanced user experience and interactivity.
During lockdown, the Nest will take place every Thursday. When lockdown restrictions ease, Jim Chu, chief executive officer (CEO) of UNTAPPED and organiser of the initiative, told Disrupt Africa it will occur once a month.
“We’ve seen the potential for this to make so many valuable connections, we are definitely going to keep it going, indefinitely,” he said. “I’d like to see The Nest for different regions and specific verticals in the future. We intend to open-source the operating model and brand so that others can take it far beyond what we can do.”
