African web3 startup collects $ 6.45 million in pre-seed round, investment company of Serena Williams-Emerging Markets
African web3 startup collects $ 6.45 million in pre-seed round, investment company of Serena Williams-Emerging Markets
an African startup, Nestcoin, said that it collected $ 6.45 million in a pre-seed financing round in which Serena Ventures, tennis star Serena Williams. The startup, founded in November 2021, plans to use the capital for the training, the establishment and investment in Web 3.0 applications.
facilitation of the crypto adoption
Nestcoin, a Nigerian startup that plans to operate web3 applications and invest in them, recently announced that it collected $ 6.45 million in pre-seed. The risk capital companies were at the top of the financing round.
Serena Ventures, Alameda Research, A&T Capital, MSA Capital and 4DX ventures of the US sports personality Serena Williams also took part in the financing round.
After the announcement of the capital increase, swimmosi explained why he believes that Nestcoin will be a better undertaking than bundle, a fintech that he introduced in 2019. He said:
goal was to be present in over 30 African countries and to have millions of users.
The developing cryptoma market
Although Bundle became one of the largest locally established crypto exchange platforms in Africa, bathing emoses were still not able to fulfill the target of being present in several countries. In fact, according to a report, the startup was only active in two countries, Nigeria and Ghana. The report added less than 100,000 active users.
The obvious inability of bundle to achieve some of the goals of bathroomosi finally convinced the co -founder of founding another startup in November 2021. In the meantime, the BadMosi report, which explains how the cryptoma market has developed.
"The first iteration of crypto products was trading products. The second iteration was more about decentralized financing and the non-kept trade in financing activities. The current situation of crypto and now rather applications that use everyday people and love whether they are consumer applications, financial apps, entertainment or games, but these applications now have the potential, millions of users in To achieve border markets.
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