Four African blockchain startups, HouseAfrica, CARMA, Mazzuma and Pravica have received $ 125,000 in funding from CV Lab, these startups are also eligible for a three-month global CV Labs incubation program and other initiatives managed by CV VC.
CV VC (Crypto Valley Venture Capital) is a Swiss investment firm and start-up venture capitalist focused on blockchain-based startups. CV Labs offers a three-month hybrid Blockchain incubation program that invests up to $ 125,000 in large startups in exchange for 10% equity and / or tokens
In July 2021, CV VC expands its operations in Africa by establishing the company’s first office on the African continent in Cape Town. The company said, “The objective of CV VC in Africa, in collaboration with partners from the Swiss State Secretariat for Economic Affairs (SECO), the Federal Department of Foreign Affairs and local actors, is to invest in 100 startups that have the potential to meet the challenges of the African continent. over the next four years. SECO has signed a special agreement with CV VC. The joint project aims to support the development of an independent ecosystem in South Africa by transferring the know-how and experience of Swiss Crypto Valley to serve as a hub for Africa ”.
The program, which also includes BlockFrauds (UK) and CO2DAO (Switzerland), recently started with “Africa Week,In which CV partner VC Binance Smart Chain, the University of Johannesburg and the Cape Innovation and Technology Initiative collaborated with the innovators for a week in Cape Town and Johannesburg.
The four selected African blockchain startups are:
HouseAfrica (Nigeria) is a Blockchain technology company creating a digital property registration system that helps homebuyers and financial institutions access, verify authenticity, and evaluate properties before investing. The properties are accessible and sold by sharing the digital layout of the site.
CARMA (Nigeria) is the world’s first P2P data market company created to address the credit data gap in sub-Saharan Africa. Organizations receive credit data that enables them to make data-driven business decisions.
Mazzuma (Ghana), “The future of online payments” is a mobile payment system specializing in the use of artificial intelligence and blockchain to facilitate transparent payment transactions.
Cairo-based startup Pravica is a unified, secure, and privacy-compliant communications platform that uses blockchain technology to boost user privacy and security.
CV Labs has incubated 22 companies across the globe, CV VC Africa Managing Director Gideon Greaves said he was excited to see the collaboration with SECO to help build a self-sustaining blockchain ecosystem in Africa to become a reality.
“I am incredibly excited to be a part of CV VC’s journey to Africa. Being a leapfrog population, we are in a privileged position to embrace this disruptive technology and I believe this continent can lead the charge for crypto and blockchain. “. He said
“We are happy to start our African chapter with a first location in South Africa, a thriving hub for entrepreneurs, developers and creatives, and an already well-established ecosystem of startups and technologies. With the experience and know-how of Crypto Valley, including infrastructure providers, a favorable regulatory framework and our global network, we will be able to accelerate the growth of blockchain startups and develop the blockchain ecosystem in all of Africa ”, said Mathias Ruch, CEO and Founder of CV VC.