Swiss Investment Company, Crypto Valley, Launching Blockchain-Focused Accelerator for Africa

The CEO highlighted that CV VC already has 5 African startups on its portfolio and 5 additional startups in the pipeline to join its accelerator.

0
105
JOIN US ON TELEGRAM

In a public-private partnership with the Swiss State Secretariat for Economic Affairs (SECO), CV VC is launching a blockchain focused Accelerator for Africa. The goal is to invest in 100 Startups from the African content in the next 4 years.

This was announced by CV VC CEO, Mathias Ruch, during the Africa FinTech Festival in Mauritius. In his presentation to the Africa FinTech Festival in October 2021, Mathias explained that CV VC is investing in blockchain startups and that the company’s goal is to invest in 100 African start-ups in the next four years through a blockchain accelerator

Headquartered in Zug, Switzerland, and with offices in Liechtenstein, Africa, and UAE, CV VC is a private venture capital firm that invests in global tech disruptors who are driving the fourth industrial revolution with blockchain. CV Labs is the heartbeat of Crypto Valley, Switzerland’s Blockchain hub.

______________________________________________________________________

SEE ALSO: 4 African Blockchain Startups Secure $ 125, 000 Each from CV VC

______________________________________________________________________

Mathias highlighted that CV VC already has 5 African startups on its portfolio and 5 additional startups in the pipeline to join its accelerator.

In 2021, CV VC, as part of its expansion into Africa, selected 4 startups to join its incubation programme, which comes with $125, 000.

These startups are:

  • Mazzuma – An international remittance and mobile money platform from Ghana
  • HouseAfrica – A digital property validation system from Nigeria
  • Pravica – A decentralized communication suite for enterprises in Egypt
  • Carma – A Nigerian P2P data marketplace for the unbanked

Here are the CEO’s exact words that communicated his enthusiasm for blockchain in Africa.

“The true use cases of blockchain are to be found on the African continent. That is where we see the strong potential with the combination of blockchain technology and the economic potential of Africa.

What we see from Sub-Saharan Africa companies is really fantastic and we are thrilled with the quality and the rate of innovation that we see in our process currently.”

– CEO, CV VC

Mathias explained that the CV Labs Africa Accelerator is investing at the pre-seed stage, which usually represents the first institutional money in cash or in kind, and that CV VC receives tokens or equity in return. Moreover CV VC will run different verticals where it sees the greatest opportunities, namely supply chain management, healthcare, FinTech and government, and would also work with corporates. 

CV VC aims to have 25 startups per batch starting from 2022 which would benefit from exposure to over 70 mentors to support their growth ambitions.

______________________________________________________________________

RECOMMENDED READING: Top 3 Fintech Sectors to Watch Out for in 2022 Across Africa

______________________________________________________________________

Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT

ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277

SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb

____________________________________________________________________

Follow us on Twitter for the latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to our YouTube channel below for more updates:

____________________________________________________________________

LEAVE A REPLY

Please enter your comment!
Please enter your name here