According to the most recent edition of the annual African Tech Startups Funding Report released by Disrupt Africa, available free in partnership with Flat6Labs, MarketForce, 4Di Capital, Mercy Corps Ventures, Newtown Partners, and InsiderPR, 633 African tech startups raised a combined US$3,333,071,000 in 2022. Only 186 ventures have secured investment so far this year, with a total of US$1.4 billion raised. This figure is down 48 per cent on the US$2.7 billion raised in the first nine months of 2022. African tech startups raised US$649,303,000 in Q1, down 57.2 per cent on Q1 2022. If you are interested in sponsoring the next edition of the African Tech Startups Funding Report, due for release in January 2024, you can find all the relevant information here.
Source: The North Africa Journal October 02, 2023 12:00 UTC