Monday, October 6, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

EchoVC, based in Lagos, Nigeria, has launched a “pilot” blockchain-focused seed fund with $8 million in funding

Tech Gist Africa by Tech Gist Africa
03/14/2023
in Funding, News - West Africa
0 0
0
Blockchain

Blockchain

0
SHARES
Share on FacebookShare on Twitter

EchoVC, a technology-focused early-stage VC firm with offices in Lagos that invests in underrepresented founders and underdeveloped markets, has launched EchoVC Chain, a $8 million “pilot” seed fund for blockchain startups. 

“At EchoVC, we’ve been captivated by blockchains for the previous few years. The more we explored and learned, the more enthusiastic we were about blockchain’s applications and functions in Africa, the company said. 

The company continued, “We feel that blockchain functionality is more of a necessity than a desire for African markets, and our thesis is to use these functionalities to enable new leapfrogs or create unique market opportunities throughout the continent. 

An $8 million pilot seed fund called EchoVC Chain is dedicated to funding entrepreneurs and firms across EchoVC’s key focus areas. 

“Yet, our viewpoint on the uses of blockchain in Africa spans several levels. Our initial layer of attention is on the basic fintech infrastructure. In addition, it studies the unbundling and delivery of crypto/fintech building blocks, or “primitives,” which other businesses can use to scale more quickly, according to EchoVC. 

This includes infrastructure that uses stablecoins to optimize payments, liquidity, and treasury. 

The power of blockchain to abstract or tokenize information and to scale on its own have both thrilled the organization. 

EchoVC launched its first investment in the blockchain industry in 2021 and has since made close to 40 investments in businesses operating in a variety of global marketplaces.

 

Read more on Tech Gist Africa:

Curacel, an insurtech startup in Nigeria, secures $3 million in seed funding

SunFi, a clean tech startup in Nigeria, receives $2.33 million in seed funding

Releaf, a Nigerian agri-tech startup, has raised $3.3m in a pre-Series A funding round

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

MazaoHub Tanzania
Funding

MazaoHub, a Tanzanian agritech startup, has raised $2 million in a pre-seed funding round

by Tech Gist Africa
09/30/2025
0

MazaoHub, a Tanzanian agritech startup, has raised $2 million in an oversubscribed pre-seed funding round to expand its AI-powered, climate-smart...

Read more
Rulebase

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

09/26/2025
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Next Post
Ghana Tech News

The launching of the fund of funds in Ghana will allow local capital providers access to $75 million in finance

Wheel the World Chile

Wheel the World raises US$6M in a pre-Series A investment round 

Barte Brazil

Barte raises $3M to simplify financial management for SMEs

No Result
View All Result

The Big 5

Fintech Innovations in Africa

Fintech Innovations in Africa: How Digital Banking and Mobile Wallets Are Empowering the Unbanked

by Tech Gist Africa
10/06/2025
0

...

Mohamed Alabbar

From Vision to Marketplace: Mohamed Alabbar and the Rise of Noon.com

by Tech Gist Africa
09/29/2025
0

...

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.