The data reveals 159 startups raised over US$ 195 million — making 2017 the record year for
African tech investment.
Not exact matches
A busy month of major
investments by global firms in the
African tech space that suggests the potential of the continent...
Which
African tech startup ecosystem is the best, either for launching a business or making
investments?
Which
African tech startup ecosystem is the most viable for launching a business or making
investments?
More linkages are required within the
African tech space both to encourage more
investment and ensure startups that do raise...
Egyptian startups raised a total of US$ 9.3 million in 2017, according to the most recent
African Tech Startups Funding Report, as
investment continued to return to the North
African country as its economy recovers from the Arab Spring.
Investment into
African tech startups hit the highest levels since records began in 2017, with 159 startups raising in excess of US$ 195 million.
When it comes to blockchain
tech and digital currencies, the flagship
African startup is BitPesa, which raised two funding rounds last year to take its total secured
investment to around the US$ 10 million mark.
More linkages are required within the
African tech space both to encourage more
investment and ensure startups that do raise funding are better served by their investors.
Engineers Without Borders (EWB) Canada might not seem the most obvious candidate for investing in
African tech startups, but its venture arm is already active on the continent and planning further
investments.
A busy month of major
investments by global firms in the
African tech space that suggests the potential of the continent is finally coming to fruition.
The news formed part of an active month for Google on the continent, with the company also partnering Nigerian innovation incubator CcHub to run a European tour aimed at drumming up
investment for
tech startups, and accepting six
African companies into its Launchpad accelerator programme.