The venture arm of USDC issuer Circle, focusing on investments in Web3 and DeFi startups.
Blockchain, not crypto, is driving Africa’s next wave of venture bets, says CV VC’s Jarryd Kennedy
Jarryd Kennedy joined CV VC as Head of Investment for Africa in November 2024. CV VC launched a $20 million Africa Blockchain Fund in 2022, investing in 13 early-stage Web3 startups.
“50% of startups in our portfolio have raised follow-on funding” – Brenton Naicker, Crypto Valley VC
Crypto Valley VC's Africa Blockchain Fund has invested $20 million in 13 startups across Nigeria, South Africa, Kenya, Egypt, and Ghana since 2022. The fund initially committed $125,000 for a 7% convertible note but revised it to $150,000 for a 6% note to better support African startups.
Circle Ventures places $20M bet on Africa’s stablecoin future
Circle Ventures invested in the $20 million African Blockchain Fund managed by Crypto Valley Venture Capital. The investment signals confidence in Africa’s stablecoin-powered digital asset ecosystem.
