The source adds the following information:
"Venture Capital (VC) is defined as financing that investors provide to start-up and early-stage companies and includes seed and post- seed to late stage VC funding.
Deals value includes equity, mezzanine, and debt when the latter is part of a larger transaction that also involves equity. Deals value includes the estimated African allocation for companies that have raised capital to expand or strengthen their presence in multiple markets including Africa.
Deals dates are mainly taken to be the date on which the deal is announced, unless otherwise specified."
Citation formats
Share of venture capital investors in African startups 2020, by country
Most investors participating in venture capital (VC) deals in Africa in 2020 were based in the United States, as they accounted for ** percent of the total investors. Other main origins of early-stage funding on the continent were South Africa and the United Kingdom, constituting ** percent and **** percent of the investments, respectively. In 2020, a total of ***VC deals were closed in Africa.
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African Private Equity and Venture Capital Association. (July 1, 2021). Distribution of investors participating in venture capital (VC) deals in Africa in 2020, by country [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 05, 2026, from /statistics/1290302/share-of-investors-participating-in-venture-capital-deals-in-africa-by-country/
African Private Equity and Venture Capital Association. "Distribution of investors participating in venture capital (VC) deals in Africa in 2020, by country." Chart. July 1, 2021. ÌÇÐÄÆƽâ°æ. Accessed August 05, 2026. /statistics/1290302/share-of-investors-participating-in-venture-capital-deals-in-africa-by-country/
African Private Equity and Venture Capital Association. (2021). Distribution of investors participating in venture capital (VC) deals in Africa in 2020, by country. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 05, 2026. /statistics/1290302/share-of-investors-participating-in-venture-capital-deals-in-africa-by-country/
African Private Equity and Venture Capital Association. "Distribution of Investors Participating in Venture Capital (Vc) Deals in Africa in 2020, by Country." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Jul 2021, /statistics/1290302/share-of-investors-participating-in-venture-capital-deals-in-africa-by-country/
African Private Equity and Venture Capital Association, Distribution of investors participating in venture capital (VC) deals in Africa in 2020, by country ÌÇÐÄÆƽâ°æ, /statistics/1290302/share-of-investors-participating-in-venture-capital-deals-in-africa-by-country/ (last visited August 05, 2026)
Distribution of investors participating in venture capital (VC) deals in Africa in 2020, by country [Graph], African Private Equity and Venture Capital Association, July 1, 2021. [Online]. Available: /statistics/1290302/share-of-investors-participating-in-venture-capital-deals-in-africa-by-country/
