The general share of total funding that goes to female co-founded and female-led ventures has increased over the last 12 months, the result of a much-improved 2023 when it comes to the percentage of capital going into such ventures, even as African startup funding declines overall. The level of representation of women within the leadership of African tech startups has increased over the last year, as had the percentage of funding going to female-run ventures, but progress is limited in its extent. In 2023, of the 406 African tech startups that raised funding, 107 (26.3%) had at least one female co-founder, and 62 (15.3%) a female CEO. Female co-founded ventures raised 16.6 per cent of total funding, while female-led startups secured 8.2 per cent of capital. However, there is work to be done in 2024 to ensure there is not another regression when it comes to the gender diversity of tech startup funding in Africa.

Source: The North Africa Journal August 08, 2024 06:40 UTC