Investors are placing a significant lid on startup funding around the world, with the exception of Africa. Since 2015, thousands of investors — angels, VC and PE companies, credit institutions, HNWIs, family offices, accelerators, incubators, development financing institutions, non-profits, etc. — have continued to invest in the continent’s startup ecosystem. According to Afrikan Heroes‘ database, startup funding exceeded $1.7 billion in the first half of 2022, more than half of the total raised in all of 2021. At the present rate, financing for the region might exceed $1 billion.
Indeed, the rise of new ecosystem funds in the previous year, between January 2021 and May 30 2022, was the most obvious of these time-defying phenomena.
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As more of Africa migrates to the internet as a result of the coronavirus pandemic, more of these interests are expected to grow.
The list that follows includes more than 600 recent investors in African tech startups. There were no unreported investors covered.
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Because of the nature of startups, venture capital firms are favoured over other investors.
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funding African tech startups funding African tech startups
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh