CV VC noted that Africa’s higher blockchain venture activity suggests a regional focus on blockchain solutions to address unique challenges.
Blockchain venture funding in Africa decreased by 74% in the first half of 2024 compared to the same period in 2023.
On July 16, Swiss blockchain venture capital firm CV VC released its latest report on African venture funding. Within the report, CV VC highlighted that Africa secured $34.7 million in H1 2024. Compared to 2023, when funding reached $135.4 million, the number marks a 74% year-on-year decline in the amount raised.
While Africa experienced a downturn in funding, CV VC reported a 9% increase in the number of deals made in the region.
