Nigerian Crypto Startup Nestcoin Raises USD 6.45 Mn Pre-Seed Funding

Nigeria’s Nestcoin, a company building, operating, and investing in web3 applications, has raised USD 6.45 Mn in pre-seed funding to help it expand its global operations and invest in more products to accelerate crypto adoption and financial freedom for people in frontier markets. The funding comes from a global group of investors, including Distributed Global, Alter Global, Serena Ventures, Alameda Research, A&T Capital, MSA Capital, 4DX Ventures, Raba Capital, Goat.VC, Social Capital, Old Fashion Research, CMT Digital, Electric Capital, CoinFund, gumi Cryptos Capital, and DeFi Alliance, among others.

Nestcoin aims to democratize access to economic opportunities presented by crypto and web3, making it simple and accessible to everyday people. The company launched Breach, its media arm created to advance crypto education globally, and Metaverse Magna (MVM), a crypto gaming guild that helps users earn up to USD 1 K per month.