Crypto Valley Venture Capital Launches African Blockchain Early-Stage Fund

Crypto Valley Venture Capital (CV VC) is launching an Africa-focused fund to support blockchain startups on the continent, the investor announced Monday at the Blockchain Hub adjacent to the World Economic Forum in Davos, Switzerland. The fund is to invest in 100 startups in the African continent over the next four years, CV VC said in a press release. According to the announcement, CV VC has invested in 12 startups where "blockchain use cases go far beyond cryptocurrencies to drive Africa's future to date." The investor aims to raise between $10 and $50 million through the fund.