Crypto Valley business Capital city (RESUMEresume) I recently announced the launch of an unlocking fund for African blockchain start-ups. The venture capital firm invests in 12 start-ups with examples beyond the crypto. Additionally, they will invest in 100 African startups in 2025 alone.
The launch of an Africa-focused fund
Crypto Valley business former capital of leverage of 10 to 50 million dollars over the next 4 years to invest in 100 start Africans. According to the announcement, the venture capital fund made 12 investments in AfricaNope africa leadership Residence. Authorized Nigerian company registers funds based on blockchain and Ghanaian mobile payment platform Mazzuma.
According to CVVCAfrica has the passion and talent to support the development of successful businesses. As such, Africa will be a major market for “Blockchain Enterprises” over the next 5 years. the plural part start They can come from South Africa, Nigeria, Kenya, Ghana and Egypt, but they also support initiatives from across the continent.
Bonus: The government of Uruguay announces the launch of a campaign against banks linked to cryptocurrencies.
Venture capital investments in Africa
Along with the fund announcement, CVresume also published a report titled “Blockchain in Africa Report 2021″. I explained to him that the funding of African blockchain companies has exceeded the global growth of African venture capital funding by 11 years for one year.
According to the company, one of the reasons for this is that cryptocurrencies benefit from circumventing traditional financial processes. Furthermore, the company believes that cryptocurrencies are good enough to alleviate various economic deficits in the region.
In fact, the exchange VALR is a notable examplewhich closed its largest funding round in the United States in March 2022, raised $50 million. While start-ups like VAL Have succeeded in raising more capital, Africa has yet to see a “blockchain mega-deal”.
More and more venture capitalists are showing interest in the region. However, the company that deals with emerging liquors in the region’s cryptocurrency and blockchain ecosystem with next 2-3 years
moreover, Speedwell HallerChargé d’Affaires of the Swiss Embassy in South Africa, said:
“Blockchain has the potential to be a catalyst for positive change and shape the future of our continent. With data in and still around blockchain in Africa scarce, first report Africa The blockchain will be an important step. And let’s bet that Africa will soon be home to its first unicorn blockchain. »
To go further: The European Central Bank says that cryptocurrencies are not suitable as a store of value.