AI Media Group is the publisher of AI and Data Science quarterly magazine Synapse
, the AI TV
YouTube channel, as well as the curator and organiser of AI Expo Africa
— Africa's largest B2B / B2G trade-focused AI, robotic process automation and data science conference — which has been a great success over the last three years.
The annual expo has seen AI Media Group amass a database of over 1 000 companies, most of which are Africa-based tech startups, scale-ups or small and medium sized businesses.
The company has regularly been asked by some of these firms to make introductions to investors and also observed the challenges faced by startups, such as access, transparency, intermediaries and fees.
The AI Media Group says that although it has been able to connect some of these companies with investors in the past, the number of requests have been on the rise and the firm now wants to improve on this service in terms of scale, process formalisation and automation through the launch of The Deal Room.
The Deal Room will be hosted on the AI Expo Africa
domain, which is a popular platform for Africa's 4IR community. The Deal Room's primary aim will be to direct 4IR, AI and smart tech companies seeking funding to investors, VCs and organisations who are interested in backing firms in this rapidly growing sector.
The Deal Room has attracted six launch investment partners, including:
- Cirrus AI
- Cape AI Ventures
- Knife Capital
- E4E Africa
- Britegaze, and
- Intelligent Impact.
Nick Bradshaw, CEO of AI Media Group and co-founder of AI Expo Africa
, says, "The main idea behind The Deal Room platform is to facilitate rapid matchmaking between an investor and 4IR / AI focused startups and scale-ups that align with the firm's stage of growth."
"It's often a minefield to find the right investor so we curated a group of like-minded investors that are interested in this space or who have a track record of similar investments to date. This is a long-awaited value add service for our community with no strings attached, no middleman and total transparency," adds Bradshaw.
The Deal Room's launch investors cover a broad spectrum of the investment lifecycle and include:
- Cirrus AI CEO Gregg Barrett
- Cape AI Ventures co-founder Pieter Boon
- Knife Capital co-managing partner Andrea Bohmert
- E4E Africa Ventures principal Bakang Komanyane
- Britegaze CEO Reshaad Sha, and
- Intelligent Impact founder Aunnie Patton Power.
Sha says, "BriteGaze Fund One's primary purpose is to assist AI businesses to accelerate their growth in South Africa and across the African continent through the provision of growth funding and advisory services to expand into new verticals, as well as new geographies."
Komanyane adds, "The Deal Room will help us identify new 4IR-focused companies that align with our investment goals in this sector; it's a great innovation for the Africa tech scene and one we are proud to be associated with."
Barrett says, "The Deal Room by AI Media Group will assist in the development of Africa's AI ecosystem and is an initiative that we are enthused to support and participate in."
Bradshaw says, "The Deal Room's biggest selling point is there is no complicated paperwork, costs or loss of equity for companies looking to use the platform. They simply answer a set of confidential questions on the nature of their investment needs, details about their company, products or services and the AI Media Group then passes them on to the most appropriate investor(s)."
"Just like internet dating, our goal is to make a perfect match and speed up the process of investment capital flowing into the African 4IR tech sector. We can't wait to see the results," concludes Bradshaw.
Startups and scale-ups looking to submit their requests for funding can do so via The Deal Room online submission process here
For more information, visit www.aimediagroup.co.za
. You can also follow the AI Media Group on Facebook
or on Instagram