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Start-up funding raised in Africa from 2021 to 2023, by country (in million U.S. dollars)

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Source

Release date

January 2024

Region

Africa, Kenya, Nigeria, South Africa, Egypt

Survey time period

2021 to 2023

Special properties

all deal types except exits

Supplementary notes

The source notes the following:

2019 deals: 1 million U.S. dollars and above.

2020 deals: 500,000 U.S. dollars and above.

2021-2023 deals: 100,000 U.S. dollars and above.

Deals include those that are publicly disclosed and those shared confidentially by selected investors. 

Citation formats

Start-up funding raised in Africa 2021-2023, by selected countries

Published by Zeynep Dierks, Jun 10, 2024

In 2023, Kenya's startups managed to raise *** million U.S. dollars, the highest amount raised among the countries observed. Egypt and South Africa followed with *** million U.S. dollars and *** million U.S. dollars, respectively. Nigeria, however, raised the most amount in 2021, with *** billion U.S. dollars, the highest funding within the periods observed. 

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