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.
Why African blockchain founders should stop leading with Web3 when pitching to local investors
African blockchain founders are learning that leading with the 'Web3' tag may scare off local investors. Investors at ETHSafari 2025 emphasized the importance of focusing on problem-solving rather than technology.
Seychelles Leads African Blockchain Funding Amid Shifting Market Trends
Seychelles attracted 31% of all blockchain funding in Africa, totaling $38.35 million. In 2022, Seychelles secured $209 million in blockchain funding, which dropped to $89 million in 2023.
Seychelles dusts Nigeria, South Africa, others as it recieves 33% of Africa’s blockchain funding
Seychelles received 31% of all blockchain funding in Africa, totaling $38.35 million. In 2022, Seychelles received $209 million, representing 43% of African blockchain funding.
Nigeria captures 33% of African blockchain deals as continent outpaces global adoption
Nigeria accounts for one-third of all blockchain deals in Africa. Africa's blockchain funding is growing at twice the global rate, reaching 7.4% of venture funding.
