The Mozambican startup appload is representing the country for the first time at an annual event that brings together startups, investors, and investment funds from across the African continent.

 VC4A and the African Business Angels Network (ABAN), entities responsible for the event, announced the 16 startups participating in the event, the Africa Early Stage Investor Summit. After a selection process among nearly a thousand applications, the startups were divided into two categories, depending on their stage and investment needs.

The first category, called Seed, included startups with needs between $400,000 and $8 million, and the second, Series A, comprised startups with investment needs between $1.5 and $10 million.

A appload, which is among the 16 startups in the Seed category, is a Mozambique-based application that connects customers who need freight transport with carriers, thus contributing to cost efficiency and transparency in the logistics sector. A appload operates in the domestic and cross-border markets.

The selected startups have participated in the virtual investment forum, which has been taking place since late last week. During the forum the appload founders have had access to training sessions from renowned investors, mentoring on various investment topics, talks with speakers, and the opportunity to interact with established venture capital funds on the continent.