EchoVC, a pan-African VC firm with a global presence, has announced a fresh $8 million fund dedicated to blockchain startups in Africa.
The fresh capital will be deployed to blockchain startups that are substantiating the utility of blockchain products and solving some of Africa’s pressing challenges.
EchoVC is notably raising this capital at a time when overall customer and investor trust in crypto and blockchain startups seems to be hanging by a thread. The past year has not been rosy for blockchain players in African tech.
EchoVC’s founder and general managing partner, Eghosa Omoigui, acknowledge these struggles, yet, he’s convinced that there is no better time than now to launch the blockchain-focused fund for African startups.
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