Fastagger Inc, a Kenya-based artificial intelligence (AI) and blockchain firm, recently announced an undisclosed investment from global blockchain investor CV VC. According to Mutembei Kariuki, the startup’s CEO, Fastagger intends to expand its “cutting-edge technology skills” in AI and blockchain.
Kariuki spoke about his company’s emphasis in statements published in a Kenyan Wallstreet story, and how the financing will support the startup’s growth.
“Our focus is on providing innovative solutions that utilize the best of both worlds to create new opportunities for businesses and individuals. I am confident that this investment will help us to accelerate our growth and bring our vision to life. Our team is excited to work with CV VC to achieve our mission and make a real impact in the world,” Kariuki reportedly said.
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While Kariuki hailed the CVVC investment as a watershed moment for Fastagger and the African startup ecosystem in general, David Long, the venture capital firm’s Principal & Global Head of Investments, insisted that the startup’s funding is in line with the firm’s larger goal of “fostering the growth and global adoption of blockchain technology.”
According to David Long, the venture capital firm, which has previously sponsored African blockchain businesses, chose Fastagger because it exemplifies the “quality of innovation and talent coming out of Kenya’s Web3 and AI environment.”
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard