CV VC's African Blockchain Fund Backed by Circle Ventures for $20M in African Startups
CV VC's African Blockchain Fund has received backing from Circle Ventures, the venture arm of USDC issuer Circle. The fund aims to invest $20 million in African startups over the next decade.
Circle Ventures has joined as a limited partner in the fund, although the exact contribution remains undisclosed. CV VC's African principal and head of growth, Brenton Naicker, shared the news on social media. The fund targets African startups, aiming to invest over $20 million in the next 8-10 years. CV VC has already supported several African startups and enrolled others in its global nine-week accelerator programme.
The African Blockchain Fund, backed by Circle Ventures, seeks to foster innovation in African startups. With CV VC's track record and Circle's support, the fund is well-positioned to invest in promising African tech ventures.
