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Since 2021, Blockchain Founders Fund has backed 5 African startups across 10 disclosed funding rounds totaling $6.7M, most heavily in Nigeria and Logistics & Supply Chain.
Blockchain Founders Fund is a venture capital firm focused on blockchain and emerging technology projects with real world applications. According to its official materials, the firm is incorporated in Singapore as BLOCKCHAIN FOUNDERS FUND PTE. LTD. and holds a Capital Markets Services license for venture capital fund management. The firm is led by director Aly Kham Madhavji and is based at 36 Robinson Road in Singapore. In Africa, Blockchain Founders Fund has been active in early stage technology investing, particularly in Nigeria. Based on available investment data, the firm has participated in four funding rounds between August 2021 and August 2024, all in Nigerian startups. These include pre seed and seed rounds, as well as a later venture round, across cybersecurity, fintech, and crypto and Web3 sectors. Portfolio companies in Nigeria include Chekkit, Kredete, and Ivorypay, which work on product verification, financial services, and stablecoin payments. The firm often invests alongside other early stage and thematic investors. Co investors in African deals have included Launch Africa, Techstars, Adaverse, Stellar Development Foundation, Tezos Foundation, and several other venture firms, reflecting a collaborative approach to supporting blockchain and digital finance innovation in emerging markets.
Data updated · Jul 29, 2026
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Blockchain Founders Fund has backed 5 African startups across 10 disclosed funding rounds tracked on Liners, totaling $6.7M since 2021.
Mostly Seed: 8 of its 10 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Blockchain Founders Fund's tracked rounds are concentrated in Nigeria (7), South Africa (2), Côte d'Ivoire (1).
Its tracked rounds lean toward Logistics & Supply Chain (5), Fintech (2), Media & Entertainment (2), and 1 more sector.
Blockchain Founders Fund most often shares rounds with Launch Africa Ventures (4 shared deals), Stellar Development Foundation (2 shared deals), Adaverse (2 shared deals).
Blockchain Founders Fund is a venture capital fund manager that focuses on blockchain and emerging technology projects with real world applications. It is incorporated in Singapore as BLOCKCHAIN FOUNDERS FUND PTE. LTD. and operates from 36 Robinson Road, Singapore.
Blockchain Founders Fund has backed Chekkit, Kredete, and Ivorypay in Nigeria. These companies focus on product verification and anti counterfeiting, cross border financial services, and stablecoin payment solutions respectively.