Africa Blockchain Lab has announced that it has secured $6 million in a pre-Series A investment round, which it would utilize to develop a cryptocurrency wallet. A group of global and African venture capital companies, including Lateral Frontiers VC, CRE Venture Capital, and Musha Ventures, led the round.

https://twitter.com/CryptoNewswire/status/1472079898223206400

Dragonfly Capital, Hashkey Capital, SNZ Capital, Fenbushi, Cadenza Capital, Head &amp; Shoulder X, LeadBlock, Hash Global, Bonfire, Krypital, and Despace were among the global investors who participated in this round.

The money obtained will be used to support the launch of Vibra, the startup's cryptocurrency wallet. Vincent Li, a co-founder of Africa Blockchain Lab, is quoted in the piece, explaining the startup's aim and how it would leverage the financial backing it has received to boost cryptocurrency acceptance across the African continent.

Vincent quoted: “We want to deliver world-class tech stacks, projects, and innovation to the African continent, beginning with our first product VIBRA, with the support of our strategic investors”.

The Funding Round for African Blockchain Startups Raises $6 Million

Africa Blockchain Lab has secured $6 million in a pre-Series A investment round.money obtained will be used to support the launch of Vibra

Trishla is a crypto writer and social media aficionado. She has substantial experience in covering updates, events, and news related to the crypto space, along with rapidly expanding blockchain and financial technology markets. Her experience in the cryptocurrency market has led her to become a crypto hodler herself.

The Funding Round for African Blockchain Startups Raises $6 Million

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