SoftBank Vision Fund’s Emerge program announces European cohort
The nine companies were selected among more than 600 applicants from 30 different countries
Emerge aims to promote diversity in tech by funding underrepresented founders and connecting them with tools and networks needed to scale their businesses
Start-ups will participate in an eight-week customized curriculum and receive mentorship ahead of a showcase event with leading European VCs
October 19, 2021 — London — SoftBank Vision Fund and Speedinvest today announced the nine companies selected for Emerge 2021. Following the success of the accelerator in the US in the summer of last year, the first European edition of the Emerge program launched in June and promptly received applications from more than 600 start-ups representing 30 different countries across the region.
Alongside the capital investment component of the accelerator, cohort founders will participate in a customized program with dedicated mentoring and training from a group of Europe’s leading VCs including SoftBank Investment Advisers (SBIA), Speedinvest, Breega, Cherry Ventures, firstminute capital and Kindred. Founders will also receive access to SBIA and partner funds’ experienced operating professionals, and will interact with other entrepreneurs from across SoftBank’s global ecosystem of more than 300 technology-led companies.
The eight-week curriculum will be delivered in collaboration with WeWork Labs and cover a range of growth themes, from hiring and culture to fundraising and engaging with investors. The modules will integrate workshops and roundtables on topics pre-requested by applicants, touching on customers and product, go-to-market and growth strategies, storytelling and fundraising.
Each week, cohort members will have time to connect with their assigned mentors and speak to inspirational business leaders. In addition, start-ups will benefit from technical advice and expert insight from global law firm Linklaters, which joins as a strategic partner for the duration of the accelerator.
The program will culminate in a showcase event in December, when companies will pitch to a group of top European investors to secure further funding – in addition to the capital raised through Emerge.
SoftBank Vision Fund Emerge 2021 European cohort:
Blloc (website), a homescreen app reinventing the relationship with our phones by helping users reduce screen time and supercharge their productivity.
Credrails (website) is building the open finance rails for Africa’s digital economy.
FiatRepublic (website) is a BaaS platform on a mission to help crypto break into the mainstream by cracking the banking code.
Juli (website), a platform that empowers patients and their care teams to manage complex chronic conditions with an AI-powered app.
Kwara (website) is on a mission to bring financial services to 1 billion people by transforming credit unions in emerging markets into neobanks.
Pear Bio (website) recreates, visualizes and analyzes how cancer progresses to find effective therapies for each patient.
Robin AI (website) is making contracts simple by automating contract management using a combination of software, machine learning and expert human reviewers.
Vitaance (website) is the life insurance that helps people improve their quality of life through financial, emotional and physical wellbeing.
The Stack World (website) is a community-led marketplace for the women’s creator economy.
“We were thrilled by the volume and quality of the applications received from a wide variety of inspiring founders,” said Catherine Lenson, Managing Partner and Head of Social Impact at SoftBank Investment Advisers. “This reinforces our view that there’s a wealth of underrepresented talent fighting for opportunities. I’m looking forward to working with every founder and can’t wait to get started.”
“There are two things I specifically love about Emerge,” said Oliver Holle, Speedinvest Co-Founder and Managing Partner. “First, the incredible breadth and depth of quality startups we are seeing. It is simply good business to invest in these founders. And second, Softbank, Speedinvest and all of our valued partners aren’t just talking, but we are investing serious money. Funding is what these amazing teams need first and foremost, and this is where Emerge delivers beyond many, many other well-intentioned initiatives.”
“We have a great opportunity in Spain. Vitaance offers a life insurance product that not only helps users when they have a problem, but also helps them avoid it. This is completely revolutionary in the Spanish market, and we have a great work of evangelization ahead of us,” said Ana Zamora, CEO and co-founder of Vitaance. “Emerge offers us the possibility to be in contact with some of the best minds around the world to help tap that opportunity. We want to make the most of the program, to exchange experiences and learn, growing as founders and as a business.”
“At Kwara, we’re using technology to transform credit unions into globally competitive neobanks, targeting the hundreds of millions of people who transact daily with those institutions in emerging markets. SoftBank and its network are leaders in backing companies with a global vision and ambition to grow,” said Cynthia Wandia, CEO and co-founder of Kwara. “Triple-digit million financing rounds for and exits of underrepresented founders are so few that something must be wrong. We’re excited to work with investors who have experience of backing high-growth companies and are also helping address that challenge.”
Emerge champions diversity in tech and entrepreneurship by connecting underrepresented founders with capital, tools and networks to help them scale. The program sought European seed-stage start-ups with a working product that uses technology to disrupt a large or growing market. Applicants needed to demonstrate early customer validation and display relevant growth with a scalable business model. In addition, at least one founder had to identify as non-white, female, LGBTQ+, disabled and/or be a refugee.
The majority of applications came from the United Kingdom (44%), Germany (13%), Sweden (8%), France (7%) and the Netherlands (4%). With companies registering from 30 different countries, Emerge also received submissions from fledgling start-up hubs like Bulgaria, Serbia and Slovenia. Thirteen sectors were represented among registrations for the program, with consumer (16%), marketplaces (14%), deep tech (13%), enterprise (11%) and health tech (10%) among the most popular. Demonstrating demand for more sustainable solutions, climate tech (6%) and agtech (4%) also had a significant number of applications. Since Emerge is targeted at seed-stage companies, most startups that applied (70%) had so far raised less than $500k, with funding coming primarily from angel investors (24%) or from family and friends (21%).
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About Emerge
The SoftBank Vision Fund Emerge accelerator seeks to promote diversity in tech by connecting underrepresented founders with the capital, tools and network needed to help scale their businesses. Established in 2019 by SoftBank Investment Advisers, Emerge combines a customized 8-week mentoring program with capital investment to support future growth. Participant founders gain unique access to SoftBank professionals, portfolio companies, industry experts, and Europe’s wider VC support networks. www.emergeaccelerator.com
About SpeedInvest
Speedinvest is a leading early-stage venture capital firm with more than €500M AuM and 40 investors based in Berlin, London, Munich, Paris, Vienna and San Francisco. Our dedicated sector focused teams are the first to fund Europe’s most innovative technology startups and our in-house operational experts are on-hand to offer founders ongoing support with growth, HR, US market expansion, and more. Wefox, Bitpanda, TIER Mobility, GoStudent, Curve, CoachHub, Schüttflix, TourRadar, Adverity, and Twaice are among our portfolio of 200+ companies. Learn more at www.speedinvest.com.
Media Contacts
SoftBank Investment Advisers (SBIA)
Rachel Bremer / Matheus Fierro
Milltown Partners
softbankuk@milltownpartners.com
Speedinvest
Jeremy Crider
Head of Communications
jeremy.crider@speedinvest.com