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Since 2021, Alameda Research has backed 3 African startups across 3 disclosed funding rounds totaling $59M, most heavily in South Africa and Crypto & Web3.
Alameda Research was a cryptocurrency trading firm co-founded in September 2017 by Sam Bankman-Fried and Tara MacAulay. Operating as a quantitative trading firm specializing in cryptocurrencies, Alameda employed strategies including arbitrage, market making, yield farming, and trading volatility. The firm filed for Chapter 11 bankruptcy in November 2022 following a solvency crisis at its sister exchange FTX. During its active investment period from March 2021 to March 2022, Alameda Research deployed $91.5 million across five funding rounds in Africa, with a strong focus on the crypto and fintech sectors. The firm concentrated its investments in South Africa and Kenya, backing companies including VALR, a crypto trading platform; OVEX, a regulated crypto liquidity provider; Jambo, a crypto-focused Android phone manufacturer; and AZA Finance, a cross-border payments provider. Alameda's largest single investment was a $50 million Series B round in VALR in March 2022, demonstrating significant conviction in African cryptocurrency infrastructure.
Data updated · Mar 27, 2026
Alameda Research has backed 3 African startups across 3 disclosed funding rounds tracked on Liners, totaling $59M since 2021.
Mostly Venture (Round not Specified): 2 of its 3 tracked rounds are at that stage, followed by Series B (1).
Alameda Research's tracked rounds are concentrated in South Africa (3), Kenya (1).
Its tracked rounds lean toward Crypto & Web3 (3), Fintech (1).
Alameda Research most often shares rounds with 4Di Capital (1 shared deal), Avon Ventures (1 shared deal), GSR Ventures (1 shared deal).