Startups from Kenya and Nigeria are among the eight ventures selected for the sixth edition of the CV Labs accelerator, securing up to US$135,000 in capital, access to other capital avenues, one-on-one mentorship, and customised growth hacks.
CV Labs is the ecosystem business pillar of CV VC, the Switzerland-headquartered global blockchain investor. With locations in Switzerland, Liechtenstein, South Africa, Germany, and Portugal, CV Labs nurtures a global ecosystem through various activities, including acceleration programmes, community-centric co-working spaces, industry events and summits, and advisory and research reports.
The sixth batch of its accelerator has now been selected, with the eight ventures working across traditional industries and web3 infrastructure. The CV Labs accelerator is not aligned to any one blockchain, while 10 leading protocols lend expert advisory to participants. Aside from US$135,000 in capital, they will secure access to other capital avenues, one-on-one mentorship, and customised growth hacks.
Two of the selected companies are from Africa, namely Kenya’s Shamba Records, which offers a real-time data collection tool to unleash credit access to farmers and a farmer’s wallet, facilitating seamless credit processing and payments; and Nigeria’s Jamit, a decentralised podcast hosting platform, offering cloud storage, global reach, engagement rewards, and unique NFT experiences for creators and listeners.
Other selected companies hail from the United States (US), United Kingdom (UK), Switzerland, Poland, and Germany.
“Our accelerator provides optimal conditions for growth. We provide the accepted projects access to a network of industry-leading mentors and investors. Bespoke support, geared toward each specific startup, and assistance with everything from entity structuring to product roadmap construction,” said Bastian Wetzel, head of acceleration at CV VC AG.
