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Since 2022, Adaverse has backed 10 African startups across 13 disclosed funding rounds totaling $5.2M, most heavily in Nigeria and Real Estate & Property.
Adaverse is a Cardano ecosystem accelerator and venture fund that supports Web3 startups across Africa and Asia. It was launched as a joint venture between EMURGO Africa and Everest Ventures Group to back founders building decentralized applications on the Cardano blockchain. Public information lists Lagos, Nigeria as a key operating location. In Africa, Adaverse invests in early stage companies from pre seed through venture rounds, providing capital, mentorship, and technical support. Based on available funding data, the firm has participated in at least 13 rounds between June 2022 and December 2023, across pre seed, seed, and early venture stages. Its portfolio in Africa spans Nigeria, South Africa, Kenya, Egypt, and Zimbabwe, with a particular concentration of investments in Nigeria. Adaverse backs startups in sectors such as crypto and Web3, fintech, real estate and property, logistics and supply chain, AI and analytics, travel and mobility, and services and marketplaces. Adaverse is closely aligned with the Cardano ecosystem and EMURGO Africa’s broader mission to scale Web3 projects on Cardano. It collaborates with co investors including EMURGO, Everest Ventures Group, Launch Africa, Blockchain Founders Fund, GreenHouse Capital, and other regional and global partners in selected rounds, and has publicly disclosed investments in African startups such as HouseAfrica, Chekkit, BuuPass, Pravica, BoundlessPay, Bitmama, SESO Global, AfriBlocks, Altify, and Versus.
Data updated · Sep 15, 2026
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Adaverse has backed 10 African startups across 13 disclosed funding rounds tracked on Liners, totaling $5.2M since 2022.
Mostly Venture (Round not Specified): 5 of its 13 tracked rounds are at that stage, followed by Seed (5).
Companies Adaverse has backed operate in Nigeria (9), Kenya (5), South Africa (5), and 5 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Real Estate & Property (3), Crypto & Web3 (3), Fintech (2), and 4 more sectors.
Adaverse most often shares rounds with Emurgo (4 shared deals), Everest Ventures Group (2 shared deals), HoaQ (2 shared deals).
Adaverse is a joint venture initiative between EMURGO Africa and Everest Ventures Group, and frequently co invests alongside partners such as EMURGO, Launch Africa, Blockchain Founders Fund, GreenHouse Capital, and other regional and global investors. Startups can typically engage with Adaverse through its accelerator program, which combines funding with structured mentorship and technical support for Cardano based Web3 projects.
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