African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams' Investment Firm Participates
Also participating in the funding round were U.S sports personality Serena Williams’ Serena Ventures, Alameda Research, A&T Capital, MSA Capital and 4DX Ventures.by Forbes, the startup, which was co-founded by Yele Bademosi and Taiwo Orilogbon, plans to use the funds raised to facilitate the adoption of cryptocurrencies. Nestcoin also plans to use the capital raised to fund the building of a platform that allows content creators to earn while educating the startups’ subscribers.
While Bundle did become one of the biggest locally established crypto exchange platforms in Africa, it still could not meet Bademosi’s goal of being present in several countries. In fact, according to a report, by the time Bademosi left Bundle, the startup was only live in just two countries, Nigeria and Ghana. It had less than 100,000 active users, the report added.
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