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StarkWare, an Israeli blockchain infrastructure company valued at $8 billion, has launched a $4 million venture fund to drive blockchain innovation across Africa. The initiative aims to support early-stage startups building solutions on StarkNet, StarkWare’s Ethereum-based decentralized application platform.
The fund focuses on pre-seed and seed-stage startups, offering grants of up to $150,000. High-potential projects may receive additional investments, typically up to $500,000.
Priority will be given to startups in West, South, and East Africa, particularly in regions facing high inflation, currency volatility, or low financial inclusion.
Leading the fund is Moroccan entrepreneur and investor Kheireddine Kamal, who brings extensive expertise in business development and blockchain ventures across the continent.
