At its peak investment phase in Africa in 2022, Adaverse allocated up to $200,000 per startup, targeting ventures that combined sector expertise with Web3 innovations.
However, SWVL has scaled back its global presence, retaining operations only in the UAE, Egypt, and Saudi Arabia after divesting its subsidiaries in other regions.
The launch of localized services is expected to significantly increase this number, providing Moroccan businesses with access to the world’s largest business-to-business (B2B) marketplace, which boasts 47 million active users globally.
At its peak investment phase in Africa in 2022, Adaverse allocated up to $200,000 per startup, targeting ventures that combined sector expertise with Web3 innovations.
However, SWVL has scaled back its global presence, retaining operations only in the UAE, Egypt, and Saudi Arabia after divesting its subsidiaries in other regions.
As Y Combinator and other global investors scale back their focus on emerging markets, African startups may need to rely more on local ecosystem builders and support systems.
