Morgan Stanley is hosting its largest global Demo Day, with 23 participating companies from North America, Europe, the Middle East, and Africa (EMEA). The cohort companies will pitch over 300 investors, potential business partners, and customers.
Over the past five months, the Morgan Stanley Inclusive Ventures Lab supported its ninth cohort of technology-enabled startups in the seed to Series A funding round stage. And the intensive accelerator program provides each company a $250,000 investment (£250,000 in EMEA) from Morgan Stanley, as well as a variety of mentorship opportunities and business-growth resources.
Launched in 2017, the Lab has hosted 92 companies with a combined valuation of $923 million. And companies have raised $217 million in funding following their participation in the Lab.
The applications for the next Lab cohort will be open from February 7 – March 15, 2024. And the tenth cohort will include up to 25 companies, emphasizing businesses led by overlooked founders providing sustainability-focused products or services.
Companies presenting at Demo Day represent a range of industries, such as healthcare, customer service, supply chain, recruiting cybersecurity, AI, and sustainable solutions. And the cohort members include Adauris (Canada), Automated Architecture (UK), Bidrento (Estonia), ByFusion (US), Cult Mia (UK), DotLab (US), eBanqo (Nigeria), Encounter AI (US), FLUIX (US), GigBridge (UK), Health in Her HUE (US), Inicio AI (UK), MEDIjobs (US), Nopalera (US), OKO (Israel), Oppos (Canada), Partsimony (US), Ridelink (Uganda), serviceMob (US), Stak Mobility (US), Tall Poppy (US), Twipes (US) and Unfabled (UK).
Morgan Stanley will be holding pitch competitions in various cities in North America and EMEA to identify potential Lab participants over the coming months. And the next Lab cohort is scheduled to launch in September.
KEY QUOTE:
“At a time when startups are facing a challenging funding environment, it is more critical than ever to provide a platform for founders to attract investment and scale their innovative solutions. Today’s Demo Day showcases the Inclusive Ventures Lab’s largest and most global cohort to date, underscoring our mission to advance a more equitable investment landscape worldwide.”
- Selma Bueno, Global Head of the Morgan Stanley Inclusive Ventures Group
