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.
- The firm backs nearly all selected startups with $135,000 in funding in return for a 7% convertible note.
The commitment of CV VC to invest in African blockchain startups, despite global funding challenges, highlights the potential of blockchain technology to drive economic growth and innovation in emerging markets. This approach not only supports local entrepreneurs but also positions CV VC as a leader in the evolving landscape of Web3 investments in Africa.
