Ventures Platform, African Blockchain Lab, Trove, Edukoya, Flourish, BTrust, Bento, and Co-creation Hub. These are some of the names that made the headlines this week.
Ventures platform one of Africa’s most active early-stage tech investors, during the week, closed of a US$40 million pan-African fund.
Nigeria-based startup, African Blockchain Lab, also secured a US$6 million pre-Series A investment to fund the launch of its crypto wallet VIBRA.
Let’s get into details.
Ventures Platform, one of Africa’s most active early-stage tech investors, announced the first close of a US$40 million pan-African fund.
The fund, according to the startup, is expected to help expand its portfolio and double down on winners.
The startup was founded in 2016, and has since then been acting as a partner and conduit for international funds.
African Blockchain Lab, a Nigeria-based startup, during the week, secured a US$6 million pre-Series A investment to fund the launch of its crypto wallet VIBRA.
The startup was founded by blockchain venture studio, Everest Ventures Group, operating as a blockchain technology company and the builder of African crypto app VIBRA.
The startup, since inception, offers an easy way for beginners to learn, and make trades with a community of experts, which enables Africans to effortlessly go from zero to crypto master.
Trove, a Ngerian global share dealing app, was named winner of the fourth edition of the Ecobank Fintech Challenge.
The development saw the startup to secure a US$15,000 prize and a place in the bank’s Fintech Challenge Fellowship programme.
Ecobank Group hosts its Fintech Challenge each year, with the five finalists of this year’s edition emerging from over 890 entrants from 44 countries