Adaverse, a Cardano ecosystem accelerator founded to drive the development of web3-based solutions in Africa, has unveiled its participation in a fundraising round for Seso Global, an online real estate marketplace leveraging blockchain to reinvent the African real estate industry. The funding round included prominent angel investors such as Ibrahim Sagna, Albert Essien and Jamie Broderick, as well as venture capitalists such as EMURGO Africa, Adaverse, Columbus Angel Network, Moabi Group, Rising Tide and Kepple Africa ventures.
Adaverse was launched in September 2021 as a joint venture partnership between EMURGO Africa and Everest Ventures, to identify and provide valuable support resources to promising African founders building the next wave of Web3 dApps in DeFi, NFT, games, metaverse, and more on Cardano’s third. -generation and ecologically sustainable blockchain.
What is Seso Global?
Seso Global is an all-inclusive proptech platform that is redefining the African real estate industry by providing a simplified and trustworthy property buying experience. Using blockchain technology, Seso provides a marketplace that supports secure and risk-free digital land transactions between landowners, buyers, land agencies, financial institutions and professionals who serve the real estate value chain.
On the Seso platform, property buyers around the world can access a verified database of African land properties and service companies that includes mortgage providers and legal consultants. Additionally, the Customer Relationship Management (CRM) feature simplifies portfolio management for owners, developers, real estate agents and investors with easy property uploads and payment options that transcend regional boundaries.
Daniel Bloch, CEO and co-founder of Seso, had the idea to strengthen the African real estate sector with an immutable register of trust in 2017. Operations officially began in 2019 when the property management CRM tool was initially launched in Nigeria on a private blockchain built from the ground up. Seso has since expanded its services to include other African countries, such as Ghana and South Africa, with sales teams in Dubai, UK and USA. In 2020, Seso launched a land registration platform for automated processing of land titles in South Africa.
Why Seso Global?
At the heart of Seso is the desire to connect all participants in the African real estate ecosystem through a platform that promotes transparency and positive exposure for safe global investment to accelerate African economic growth. Seso is addressing the lack of land documentation prevalent in rural Africa by working with the government and establishing a land registration platform that will speed up the processing of title deeds and simplify the ownership and acquisition processes.
“The real estate sector is one of the cornerstones for the growth of the booming African economy, but remains largely unexplored in the absence of a reliable and standardized structure. Seso is implementing a Web3 solution to catalyze growth and EMURGO Africa is committed to supporting the reshaping of this dynamic market using Cardano blockchain tools. said Shogo Ishida, co-CEO for the Middle East and Africa at EMURGO Africa,
Sub-Saharan Africa has a rapidly growing population and one of the fastest growing Gross Domestic Products (GDP) in the world, which is expected to reach $29 billion by 2050. However, due to export excessive capital by affluent Africans and unfavorable land use policies, the sector lacks confidence and security, which significantly hampers its expected pace of growth. With its versatile proptech blockchain software now serving more than 70 developers and 7,000 properties across three African countries, Seso intends to expand its operation by issuing tokens on the Cardano blockchain to improve asset liquidity. for global investors. Seso decided to rely on Cardano to leverage a low-cost and energy-efficient Blockchain that is expected to be more adopted by stakeholders in Africa.
“This partnership is essential for Seso Global as it provides us with the necessary partners and experts to expand our Web3 offerings. We are now witnessing the growth of Blockchain real estate solutions and with Adaverse, Seso will be an industry pioneer in Africa. We are confident that Cardano will experience strong growth in Africa due to its lower energy requirements and lower transaction fees.” says Daniel Bloch, CEO and co-founder of Seso Global.
Vincent Li, founding partner at Adaverse, is excited about this investment and commented; “Seso breaks down the diaspora barrier limiting real estate development in emerging economies by integrating the real estate market on an unchanging platform of trust to drive global investment in Africa. We will support the next phase of expansion and help achieve the planned revenue target in the years to come. »
Adaverse is a catalyst for the Cardano ecosystem in Africa dedicated to investing, mentoring, and providing technical support to African startups building the next wave of Web3 decentralized applications, including NFT, DeFi, and others on Cardano’s third-generation blockchain.
Adaverse offers a robust accelerator program and funding that covers early-stage startups from an idea to post-revenue Series A ventures. Since its launch in 2021, through a joint venture partnership between EMURGO Africa and Everest Ventures, Adaverse has entered into a strategic investment in thirteen (13) crypto-native startups building the future of Africa’s digital economy.
Adaverse is open to founder applications year-round. Apply for funding here.
Discover an array of verified and documented properties listed on Seso Global here.
Facebook: @Adaverse Accelerator