More than 300 African tech startups have raised more than US$1.1 billion combined so far in 2021, the first time the sector has broken the US$1 billion mark – and with four-and-a-half months of the year still to come.
Up to and including August 11, 2021, a total of 303 African tech startups have raised a combined US$1,184,220,000, up 69 per cent on the US$701,460,565 banked over the entirety of 2020.
This is according to figures being compiled by Disrupt Africa in advance of the release of its flagship funding tracker in January 2022. The report, which was the first of its kind upon its inaugural publication in 2016 and is now preparing for its seventh edition, tracks investment into the continent’s startup space, and highlights growth in funding for African tech ventures. Continue reading
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