Fastagger Inc, an artificial intelligence and blockchain startup from Kenya, recently revealed that it had received an investment from the Swizterland-based blockchain investor CVVC. Mutembei Kariuki, said the investment will be used to fund the further develop Fastagger’s “cutting-edge technology expertise” which harnesses AI and the blockchain.
“Our focus is on providing innovative solutions that utilize the best of both worlds to create new opportunities for businesses and individuals. I am confident that this investment will help us to accelerate our growth and bring our vision to life. Our team is excited to work with CV VC to achieve our mission and make a real impact in the world,” Kariuki reportedly said.
While Kariuki touted the investment from CVVC as a milestone for Fastagger and the African startup ecosystem in general, David Long, the Principal & Global Head of Investments at the venture capital firm, insisted that the funding of the startup aligns with its broader goal of “fostering the growth and global adoption of blockchain technology.
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