What global investors still dont understand about African Web3

▤ Summary

LAVA, an early-stage Web3 fund focused on African startups, raised $11 million and has already deployed more than half of it across 18 companies. The fund backs startups building stablecoin apps, payments infrastructure, digital identity, and other trust-layer tools across Africa. Yoseph Ayele and Andy Tudhope argue that strong founders matter more than trendy narratives or regulatory optics when investing early. They also say African Web3 companies need better-informed capital and more practical understanding from global investors. The interview highlights why the fund expects exits to remain scarce in the near term and why it keeps building relationships with future acquirers and follow-on investors.

$ Funding

▦ Linked Companies

HoneyCoin, Inc

$1M to $5M