Chui Ventures Closes $17.3M Fund as Cloud and Blockchain Tech Expands in Africa

Chui Ventures has successfully closed its debut fund at $17.3 million, exceeding its original target of $10 million, to back African tech founders. The fund has already deployed 60 percent of its capital into 18 companies across five Sub-Saharan African markets. In a parallel development for the continent's tech sector, Liquid C2 has launched Liquid G, an AI-powered Google Cloud distribution program. This initiative aims to accelerate cloud adoption for African resellers and enterprises by providing access to Google Cloud infrastructure and AI tools. Additionally, blockchain technology is being increasingly integrated into everyday life across Africa, moving beyond its initial association with cryptocurrency. This adoption is driven by practical applications addressing challenges in remittances, property ownership, healthcare, and financial inclusion.