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Kenyan Startup, Shamba Records, Among the 8 Selected for CV Labs Accelerator

Shamba Records

Summary

  • Shamba Records has been selected to be in the CV Labs Acceleration Batch_06.
  • It is one of the 8 global startups operating across traditional industries and web3 infrastructure.
  • CV Labs Accelerator is a 10-week program designed to equip the startups with the necessary skills needed for success. 

Shamba Records, a Kenyan  AgTech startup, has been selected to be part of CV Labs Acceleration Batch_06. The startups selected operate across traditional industries and web3 infrastructure. They intend to impact global challenges across agriculture, intellectual property, and creative industries. Many of these startups are at the forefront of building data analytics, open source, and prediction solutions infrastructure for Web3.

Shamba Records provides a real-time data collection tool to facilitate credit access to farmers. It also has a farmers wallet to ensure seamless credit processing and payments. Founded by Geroge Maina, Shamba Records is a distributed ledger that runs on Blockchain technology. It uses big data and artificial intelligence to collect farmer’s data and process payments to farmers. 

The Accelerator

The CV Labs Accelerator provides each participant with up to $ 135,000 in capital. They also gain access to other capital avenues, one-on-one mentorship, and customized growth hacks. 

The other startups selected for Batch_06 are: 

  • Accelchain – A US Gen AI-based no-code platform that enables developers to rapidly build, test and deploy secure dApps to the blockchain without writing a line of code.
  • Jamit – A Nigerian decentralized podcast hosting platform, offering cloud storage, global reach, engagement rewards, and unique NFT experiences for creators and listeners.
  • KryptonZK – Switzerland/UK based startup offering tools for verifiable zero knowledge analytics computation on private big data and solves barriers to zero knowledge adoption.
  • Lawyerd – A Polish automated blockchain-based brand protection agency. Its solutions empower brands to detect, monitor, and act against trademark infringements swiftly. 
  • Maestro (US) – Offers the most advanced UTxO-specialized infrastructure provider. Maestro offers a full suite of powerful APIs and advanced software tools that streamline the development of dApps on the Cardano blockchain and beyond.
  • Open Source Economy (Switzerland) – A network designed to unleash the true potential of open-source. The model addresses the funding challenges that open-source initiatives face while upholding the core values of openness, transparency, collaboration, and decentralization.
  • Xtreamly (Germany/UK) –  AI system that elevates DeFi with LVR reduction and oracle-independent fee optimization, enhancing DEX and AMM performance through dynamic slippage and arbitrage model predictions.

CV Labs Accelerator Timeline

CV Labs accelerator is a 10-week program that delivers high-paced days filled with guidance and mentorship from 70 experts. It features workshops covering fundraising, marketing, regulation, legal aspects, pitching practice and product positioning. All this to equip the startups with the necessary skills they need for success. 

There will also be in-depth group and one-on-one mentorship from industry experts, investors and other successful startup founders. 

Participants also benefit from the infrastructure of the broader Crypto Valley ecosystem, which is one of the most mature blockchain hub globally. 

Bastian Wetzel, Head of Acceleration at CV VC AG, said, “Our accelerator provides optimal conditions for growth. We provide the accepted projects access to a network of industry-leading mentors and investors. Bespoke support, geared toward each specific start-up, and assistance with everything from entity structuring to product roadmap construction”.

The program runs from the CV Labs Accelerator space in Zug, Switzerland, which is purpose-built for collaboration.

Concluding, Bastian Wetzel said “As a VC alongside our ecosystem business, we look forward to learning from these brilliant minds and putting the spotlight on their acumen and ability to transform not just their industry verticals but that of blockchain infrastructure too. We will present their accelerated offerings at Demo Day on 15 May 2024, allowing others to potentially invest alongside us in furthering the startups’ journey”.

Also Read: Shamba Pride Receives $3.7 Million Investment from AgriFI and Seedstars Africa Ventures

About author

Editor at TechArena. I cover all things technology and review new gadgets as I get them. You can reach me on email: kaluka@techarena.co.ke
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