💰 Let's have a look at Top 20 Investors (in number of deals) in African Startups in 2024! 👀 🤑 We're talking about $1.79B raised in 9 months! 🗓️ From January to September 2024 🔢 410unique deals 🔢 432 unique investors 💵 735 different tickets 🔢 1.7 deals per investor on average 💰 $1.79B raised in 9 months 🥇 DEG with 23 deals (24 deals in 2023) 🥈 Techstars with 18 deals (57 deals in 2023) 🥉 Digital Africa with 17 deals (only 3 in 2023!) 📉 Ventures Platform Fund from 15 deals in 2023 to only 2 in 2024, Google for Startups from 27 deals in 2023 to 0 in 2024, Wefunder from 9 deals in 2023 to 0 in 2024, LoftyInc Capital from 9 deals in 2023 to 0 in 2024 🚀 Top new entrants: Co-creation HUB (CcHUB) and iHUB Nairobi from 0 to 9 deals, Digital Africa from 3 to 17 deals, Efficiency for Access from 0 to 7 deals 🔥 New players (no deals before 2024): iHUB Nairobi, Efficiency for Access, Madica, Sanofi, Blizzard Fund, Hyperithm, Plus VC (+VC), RZM Investment and others... * All this data is based on publicly available data 🙏 Thanks Africa: The Big Deal for the data #Africa #Startups #VentureCapital #Investors #StartupInvestors #AfricanStartups Tech in Africa
And the best is?? Axel Peyriere
Useful!
Très informatif , merci pour le partage !
Impressive numbers, but with all this investment, are we really seeing the tangible impact on African innovation? It’s great to see money flowing in, but I worry that too many investors are just following trends rather than supporting startups with real potential for long-term growth. The high turnover of top players also makes me question how committed they are to Africa’s future. Are these funds in it for the continent’s development, or just the quick returns? Maybe it's time to prioritize impact over sheer deal volume.
Axel Peyriere or Africa: The Big Deal do you know from which GIZ Project came these investments? Are we talking investments or grants? Thanks! : )
Is there perhaps a need to separate "investors" from other "financiers"? How would the list then look like? Second consideration: Are we celebrating no. entrepreneurs supported or the amount of capital .. which may be at risk of covering few but very big deals?
I hope Africans and Africa reaps huge from the recent investment boom
Flat6labs?
Business Development, Sales, Consulting, Strategy.
2moAxel Peyriere thanks for sharing these numbers. I was just wondering why your figures are different from that of Crunchbase please? Did you factor in some other types of investments etc to get $1.78B as against their $0.5B (H1)? Thanks. Granted you looked at 9months and theirs was 6, but their numbers is typically lower than yours. https://news.crunchbase.com/venture/north-american-funding-lead-widens-h1-2024-ai/