GnosisDAO has approved a proposal to launch a $40 million venture fund aimed at accelerating early-stage blockchain projects. GnosisDAO will contribute $20 million to the fund, with the remaining $20 million coming from outside LPs. The fund, called the GnosisVC Ecosystem, will prioritize investments in projects working on real-world asset (RWA) tokenization, decentralized infrastructure, and financial payment channels.
Tanzanian fintech startup Nala has raised $40 million in Series A funding to support its B2B payments platform called Rafiki. The oversubscribed round was led by San Francisco-based venture capital firm Acrew Capital, with participation from DST Global, Norrsken22 and HOF Capital.