Diligence memo · auto-generated · as of July 2, 2026
African Blockchain Lab
African Blockchain Lab looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
African Blockchain Lab operates in Crypto / Web3, based in Nigeria, Africa. The Nigeria-based African Blockchain Lab has received a US$6 million pre-Series A investment to fund the launch of its crypto wallet VIBRA.
Sub-sector tags: crypto/web3.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
African Blockchain Lab has raised $6.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $6.0M on 2021-12-17.
Most recent recorded round closed around 2021-12-17.
Valuation (modeled)modeled
Provath models African Blockchain Lab at approximately $102M (range $6.7M–$395M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.52× the median modeled value of Series A Crypto / Web3 companies in 2019–2021 (9 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.5 yr ago; this sector typically re-raises about every 7 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 77% of Crypto / Web3 peers (196 compared).
Modeled value ranks above 79% of those peers.
Closest niche peers: Bitfxt, HIVE Blockchain Technologies Ltd., DigiCrypts Blockchain Solutions Inc., World NFT Research Institute, Blockchain Foundry Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.