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Startups Money Tech in Africa

CHART: African Startup Funding Declined in January 2024

This makes it the second-dullest month in fundraising since early 2021, with only March 2023 recording lower figures.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated
CHART: African Startup Funding Declined in January 2024
Photo by myHQ Workspaces / Unsplash

In January 2024, African startups saw a significant drop in funding, raising only $77 million across 38 (above $100k) disclosed deals, marking an 84.8% year-on-year decrease, per data from Africa: The Big Deal.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated

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