Venture Capital Is Noticing African CeFi
Feb 25, 2022
• 8
Min Read
Key Takeaways
The biggest news in venture capital this week was the $1 billion private token sale with Terra, which we wrote about in more detail in our Crypto Weekly report. Other than the Terra private sale, Centralized Finance projects took home the bacon, raising $475 million across just three projects. Infrastructure investments raised $103 million mostly in early-stage, low price tag funding rounds. Three gaming / NFT projects received $13 million. Something we are noticing is an emerging trend of venture capital investments into African-based projects, accounting for 3 of this week’s r...