Lagos - March 6th 2024 - EMURGO Kepple Ventures (EKV), a joint venture between EMURGO Africa and Kepple Africa Ventures, celebrates its investment in 10 startups spanning various sectors. This milestone signifies EKV's active role in fostering technological advancement and empowering local communities by bridging the gap between traditional businesses and the transformative potential of Web3 technologies.
EKV's investments address real-world challenges in areas like gaming, the creator economy, decentralized finance (DeFi), and infrastructure. From mitigating local currency fluctuation risk through Umoja’s decentralized hedging solutions to enabling small-scale farmers to access crop insurance on Amini’s blockchain-based environmental data infrastructure , the various business models of our portfolio highlight the breadth of Web3's potential impact on Africa's technological landscape.
Looking ahead, EKV remains committed to driving inclusive growth and empowering the vibrant African tech ecosystem. By supporting innovative startups and fostering collaboration, EKV aims to help unlock the transformative power of Web3 for a brighter future in Africa.
Key Investments:
Gaming:
Skrmiish: Play-to-earn application for AAA games.
FanBants: Fantasy sports platform for African football fans
Creator Economy:
HutsleSasa: “Shopify” for Africancreators to monetize directly from their fans and users.
Simulon: Mobile platform for creating film-quality 3D images.
Fitted: Digital custom clothing platform for African fashion industry.
DeFi:
Umoja: Decentralized hedging solutions for crypto, FX, and real-world assets.
Data and Infrastructure
Amini: Environmental data platform on blockchain for farmers, supply chain, and insurance companies.
Bitgrit: AI competition platform for data scientists and a blockchain-powered marketplace for AI algorithms
Snowstorm: Decentralized VPN for unrestricted internet access.
iBuild: Vertical SaaS and marketplace for the construction value chain.
"We believe Web3 has the potential to transform Africa's tech landscape. Our investments are aimed at fostering innovation, empowering communities, and bridging the gap between traditional businesses and cutting-edge technologies. We are excited to continue supporting startups that are building a brighter future for Africa" said Yosuke Yoshida, CEO of EMURGO Kepple Ventures.
EKV remains committed to driving inclusive growth, fostering innovation, and empowering Africa's vibrant tech ecosystem.
About EMURGO Kepple Ventures
EMURGO Kepple Ventures is a joint venture between EMURGO Africa FZCO (Dubai) and Kepple Africa Ventures (Singapore), with the aim of providing investment-based support for Web3 startups in Africa. Our mission is to create a better world by empowering businesses and people with a more transparent and efficient system backed by blockchain technologies. We aim to accelerate this transformation by creating more collaboration and synergies between Web2 and Web3 startups, and by catalyzing the capital flow from conventional businesses and financial institutions to Web3 startups in Africa.
For more information, please visit https://ekv.emurgo.africa