- Adaverse is a leading investment company focusing on blockchain and cryptocurrency projects.
- Adaverse is Cardano’s official accelerator for Africa.
Adaverse’s Investments and Acceleration in Africa and Asia
Adaverse, a joint venture between EMURGO and Everest Ventures Group (EVG), connects Africa with Asia through Cardano. As Cardano’s official accelerator for Africa, Adaverse has unprecedented access to the Cardano ecosystem, benefiting both portfolio companies and investment partners alike. Adaverse provides funding, technical, strategic, and operational expertise to accelerate companies through project development, tokenomic design, roadmap creation, legal advisory, community, and marketing development.
Strategic Partnership with EMURGO and IOG
Adaverse’s structure as a joint venture between EMURGO and Everest Ventures Group (EVG) has allowed it to expand beyond Cardano and synthesise Asian expertise with the innovative development of Web3 in Africa. Adaverse seeks to invest in startups between Seed and Series A with an MVP and ideally, revenue, with ticket sizes typically ranging between $100k and $300k.
Portfolio and Focus Areas
In the past year, Adaverse has invested in and accelerated over 35 companies across a variety of sectors, including Web3, exchanges, NFTs, gamefi, DeFi, and proptech. These companies are spread across 10 countries, representing unprecedented market penetration across Africa and Asia. Adaverse’s focus in Africa has been on companies adding tangible real-world value to consumer pain points, such as Afriex, Seso Global, Ejara, Canza Finance, and Cassava Network. In Asia, Adaverse has explored more infrastructural startups with an emphasis on service provision, such as Kaya Labs, Conjure Games, and REAP.
Connecting Africa with Asia
Adaverse’s aim to connect Africa with Asia through the Cardano ecosystem is based on the belief that developing countries lacking financial tools, such as Africa, Asia, and Latin America, represent both a challenge and an opportunity. Its focus on Africa has helped the Cardano ecosystem gradually take root in the African continent, and has also attracted a sufficient number of seed users. Adaverse is also devoted to connecting the African market with other global markets, such as Asia and the United States.
Program Hub and Podcast Series
Adaverse’s ‘Program Hub’ is released for portfolio companies seeking to access both internal and external accelerator resources on demand. The company’s in-house podcast series, ‘BuildUp Africa,’ features its portfolio companies and offers a platform for discussion on the benefits of Cardano for their respective solutions.
Adaverse has established strong brand recognition in Africa and Asia and has expanded its business scope worldwide. The company aims to explore untapped territories in Southeast Asia, such as Vietnam and Thailand, while also supporting the development of Web3 infrastructure for remittance payment and freelance market. Adaverse’s ultimate goal is to help excellent startups in Africa, Southeast Asia, and other regions share the development dividends of the continuously prosperous Cardano ecosystem.