In this business, you write tons of cheques to founders and startups. We make about 40 investments yearly. Deals happen. Exits happen. Failures exist. But I found the Blaxel team to be superbly amazing. I want to commend the team for caring for their investors. While I cannot disclose terms of its acquisition by Baseten here, the whole thing was designed to make investors and shareholders have a great win. Guys, we appreciate that! And Baseten, we received the share certificate today. We will be praying for an opening ringing of a bell at NASDAQ very soon! Go and win the market and do it. Tekedia Capital is excited to be part of one of the most amazing startups in the world right now. Baseten reached a valuation of $13 billion in June 2026, driven by massive enterprise demand for AI inference infrastructure. Valuation Milestones (from Google public search) -June 2026 ($13 Billion): Raised a split-tranche $1.5 billion -Series F round (valued between $11B and $13B) led by Altimeter Capital, Conviction, and Spark Capital, with Sands Capital and Wellington Management co-leading. -January 2026 ($5 Billion): Secured a $300 million Series E round led by IVP and CapitalG, which included a $150 million investment from Nvidia. -September 2025 ($2.15 Billion): Closed a $150 million Series D round led by BOND. -February 2025 ($825 Million): Reached an $825 million valuation during a $75 million Series C round. -March 2024 (~$200 Million): Valued around $200 million following its Series B round Yes, the valuation moved from $2.15 billion in September 2025 to $13 billion in June 2026! Do not ask me where it is now! Tekedia Capital >> we befriend the world’s finest builders on the pursuit of entrepreneurial capitalism.

The world is full of abundance. Humanity exists on a positive continuum, improving asymptotically over time, even when the instantaneous states may appear otherwise. Yes, frictions are everywhere, and we live with them daily. But as better companies emerge and evolve, many of those frictions are progressively overcome. How do we overcome frictions in markets? We build companies. Companies organize the factors of production around the three pillars of people, processes and tools. Through those pillars, they create products and services. Those products and services become forces that overcome market frictions and unlock new possibilities. Yet much of the world’s abundance remains latent. To discover and unlock it, we need systems. From the Pythagorean postulation that the universe can be understood through numbers, humanity has continued to build systems to make sense of numbers which provide clarity on our world. Yes, better computational systems provide deeper understanding of our world. At Tekedia Capital, we are looking for founders who can build the defining systems of the 21st century, unlock latent opportunities, advance shared prosperity and restore the dignity of humanity. Last quarter, OpenAI acquired our portfolio company TensorPool; Vercel acquired Better Auth, and Baseten acquired Blaxel. We also expect another portfolio company to go public soon. Join me at Tekedia Capital OPEN as we discuss how we identify and invest in companies in this age of abundance. This quarter, we are investing in about 20 companies, supporting founders building the future. Event: Tekedia Capital OPEN Topic: The World of Abundance And What We Fund Date: Saturday, Sept 26, 2026 Time: 4pm – 5pm WAT Zoom link (free and open) here https://t.co/OkTd98eTsV

By 2029, Nigeria could emerge as a critical hardware ecosystem. Yes, over the last few years, I have watched more young Nigerians move into hardware and other domains where atoms, not only bytes, matter. This shift has profound implications because, without hardware, many of software’s promises will remain muted. Software may provide intelligence, but hardware gives that intelligence a physical expression in the world. At Tekedia Capital, we are seeing a growing number of entrepreneurs who aspire to design, manufacture and build tangible products. Perhaps the success of Terra Industries is inspiring more founders to pursue this path. I am an engineer, and this is what my workbench used to look like. I understand the excitement of turning ideas, components and circuits into functional systems. That is why I remain committed to supporting those who want to build. One of our most successful investments in Nigeria remains Egoras, a company that designs and builds physical products and operates its own showrooms. It demonstrates what becomes possible when engineering, manufacturing, software and distribution are brought together. As you plan your hardware venture, consider building within a cluster. Hardware innovation thrives when people with complementary capabilities work together, share infrastructure and exchange knowledge. Unlike many purely digital products, world-class hardware increasingly requires mastery of both physical engineering and software. The age of Nigerian hardware is emerging. It is time to build. And if you have an exciting idea, remember that Tekedia Capital partners with great founders. In the last three months, we have made more than 20 investments, and ready for more. We will like to partner with you.

Many people are predicting doom because of artificial intelligence (AI). My message is simple: we must not fear AI, even as we insist on its responsible development, deployment and use. AI holds extraordinary promise, including possibilities we cannot yet imagine or conceptualize. Over a sufficiently long but finite period, humanity may even approach forms of physical longevity that appear impossible today. Many limitations in medicine arise from our incomplete understanding of the human body. If AI helps us understand human anatomy, physiology, genetics and disease at far greater levels of precision, breakthroughs will follow, and healthcare will advance in ways previously considered unattainable. As AI becomes more capable, it will open new vistas for humanity across virtually every dimension of life. Pythagoras proposed that the universe is fundamentally expressed through numbers. AI may help humanity realize that profound insight by enabling us to understand ourselves and our universe at their most fundamental atomic, mathematical and informational levels. The promise of AI is not that machines will diminish humanity. It is that they can expand the boundaries of what humanity can understand, create and achieve. Our responsibility is to govern this technology wisely, not to retreat from its possibilities in fear. I wrote this for IEEE Institute of Electrical Electronics Engineers USA in 2008: “Imagine a world where those with ear problems could buy electronic cochleas and those with eye problems, electronic retinas on Amazon and eBay. Imagine a world where all problematic human organs can be electronically replaceable to push humans toward the grail of immortality. All this might not be just imagination years from now if neuromorphic circuits continue to advance. Neuromorphs, or artificial neural microcircuits, capture the biological neural computational properties into mixed-signal VLSI (very large scale integration). These circuits are inspired by the function, structure, and plasticity of biological nervous systems by emulating their efficient inherent computational capabilities. They mimic the algorithmic behavior of the biological systems utilizing similar organizing principles through efficient adaptive and intelligent control processes in parallel. Adaptation, learning, and memory are implemented locally within each processing stage of these systems.” Yes, do not fear AI!

Tekedia Capital is delighted to announce that Baseten has acquired our portfolio company, Blaxel, creating another significant windfall for the Tekedia Capital community. Blaxel was built from first principles. Secure sandboxes designed for agents, not retrofitted for them. True isolation for code execution, tool use, and MCP servers. State that persists across long-running sessions. Joining Baseten means building what this team believed was coming all along: the model and the machine it runs on, in a single system. With this, Tekedia Capital becomes part of Baseten, a $13 billion valued AI innovating family. Learn what we do at https://t.co/OLiZP0dRcJ and how we pick the companies of the future, globally.

We have built advanced capital market technologies for the world. Whether you are establishing a commodity exchange, metals and minerals exchange, digital-assets and real-world-assets exchange, or securities exchange, Contisx Mint provides the infrastructure to power your market. From pre-trade operations and order execution to clearing, settlement, depository services, surveillance and regulatory reporting, we deliver integrated, world-class solutions across the complete market lifecycle. Partnership models: technology licensing and venture systems. 1. Explore the Contisx Mint licensing framework: https://t.co/iNyeOOYrDI 2. If you are a startup building within the capital-market ecosystem and require any of the nine Contisx Mint modules, tell us what you are developing. Where we see strong potential, we may provide funding, technology and strategic support to help you build and scale. Submit your venture here: https://t.co/EO5zzSZawE The future of markets will be digital, modular and connected. Contisx Mint is powering markets; build on our technology infrastructure. *Our exchange business expects operations to begin in Q4 2026 but we're already working with global partners on our technologies. Build on ContiSX!

The age of compact nuclear energy is emerging, and Apollo Atomics is entering the arena with an oversubscribed $31 million seed round to accelerate the commercialization of its next-generation nuclear reactors. Tekedia Capital is excited to announce that we have joined global investors to invest in Apollo Atomics. The winner of the AI era will be the nations and entities with energy advantage. Apollo brings new dimensions in this redesign with nuclear, and we like the promises. Tekedia Capital >> we’re funding the future.

Part of today's session - Plenary Session 3: Investing Home: How Nigeria's Capital Market is Creating Wealth for the Diaspora. Plenary Session Moderator: Prof. Ako Ufodike — Former Deputy Minister of Trade, Alberta & Associate Professor, York University. Panelists: Babangida Yahaya, Head, Depository Services, CSCS PLC; Prof. Ndubuisi Ekekwe, Founder, Contisx Securities Exchange PLC.

Good People, thank you, Fellow Citizens, for giving this Ovim village boy the privilege of delivering the Keynote Address at the Nigeria Diaspora Economic Conference (NiDEC) 2026 in Toronto, Canada. It was truly a magical experience, sharing ideas on Nigeria's economic future and co-moderating important conversations with H.E. Prof. Chukwuma Charles Soludo, CFR, Governor of Anambra State, and H.E. Dauda Lawal, Governor of Zamfara State. We explored how Nigeria can better mobilize diaspora capital, deepen investment, and create pathways through which money becomes productive capital that advances communities and creates prosperity. Today, I will be in a plenary session on Investing at Home and how Nigeria’s capital market is creating wealth for the diaspora at 10:20am.

Good People, join us at the Nigeria Diaspora Economic Conference (NiDEC) 2026 as I moderate a special Fireside Chat with State Governors, featuring H.E. Prof. Chukwuma Charles Soludo, CFR, Governor of Anambra State, and H.E. Dr. Dauda Lawal, Governor of Zamfara State. I had the privilege of spending time yesterday with H.E. Dr. Dauda Lawal, and one message came through clearly: Zamfara State is open for business and investment. Anambra State is equally advancing an investment-driven economic agenda. So, bringing these two governors together creates an important conversation about how Nigerian states can attract, structure, and deploy diaspora capital for development. Our conversation will focus on “Engaging and Mobilizing Diaspora Capital at State Level in Nigeria.” Nigeria's diaspora represents an enormous pool of capital, knowledge, networks, and capabilities. The opportunity before our states is to move beyond remittances and create credible investment structures that can transform diaspora money into productive capital, financing enterprises, infrastructure, innovation, and development across communities. How can our states tap into that pool of multifaceted capital? Join us on Wednesday, August 12, 2026, from 3:30 p.m. to 4:00 p.m. for this important conversation. I look forward to exploring with our distinguished governors how Nigerian states can build the trust, institutions, investment vehicles, and market frameworks required to mobilize diaspora capital at scale. Prof. Ndubuisi Ekekwe Founder, Contisx Securities Exchange Plc