The number of funded ventures, and the total funding raised, declined for the first time since 2016, though not as dramatically as many had feared. But the gender diversity figures were better than usual. Looking at total funding – in 2023 US$399,694,000 in funding went to startups with at least one female co-founder, a share of 16.7 per cent. Compared once again with Disrupt Africa’s historic data, we once again see an increase in gender diversity. So at least there has been some good news from a generally depressing 2023 from a funding standpoint – an increase in gender diversity.

Source: The North Africa Journal February 28, 2024 06:29 UTC