CV Labs

🌍 The brand-new CV VC African Blockchain Report is now live! The report, co-published by Absa Corporate and Investment Banking, depicts a clear message: Africa’s blockchain future is already here. Download the full report now: Our annual African Blockchain Report offers a data-rich view into the continent’s rise as a global blockchain frontier. Globally, blockchain made up just 3.2% of VC funding in 2024. In Africa? 7.4%. More than double. That’s not a coincidence. Some key takeaways from the report include: 🔹 Blockchain accounted for 12.7% of all African VC deals and 7.4% of funding, a growing share despite tighter capital markets 🔹 Africa’s share of global blockchain deals rose to 2.3%, even as global venture funding became more selective 🔹 Seed rounds dominated, attracting 34% of blockchain-focused funding, a clear signal of investor faith in early-stage innovation 🔹 Centralized Blockchain Financial Services led by funding share (41%), followed by DeFi (30%), and Data Verification (20%) 🔹 Nigeria led by deal count, while Seychelles ventures secured the highest funding shares at 31.7% 🔹 Median deal size for blockchain ($2.8M) was nearly double the all-sector African median Despite tighter capital conditions driven by both global and local challenges, funding still moved. African blockchain startups focused on practical applications, sharpening their impact across finance, infrastructure, and regulatory-compliant data solutions. Discover more about the African funding landscape and Web3 ecosystem in our report:

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