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Startups Tech in Africa

📊 African startups raised almost $5 billion in 2022

According to data from Africa: The Big Deal, African startups raised a record $4.8 billion in 2022, despite a slowdown in the second half of the year. This marks an increase from the $4.3 billion raised in 2021 and is expected to exceed $5 billion once all deals

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah
Updated
📊 African startups raised almost $5 billion in 2022
Photo by DISRUPTIVO / Unsplash

According to data from Africa: The Big Deal, African startups raised a record $4.8 billion in 2022, despite a slowdown in the second half of the year.

This marks an increase from the $4.3 billion raised in 2021 and is expected to exceed $5 billion once all deals are accounted for. This prediction is based on the fact that December 31st roundups of funding are often underestimated, and deals are announced later on.

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah
Updated

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