In a new report by the Partech African team, entitled “Africa Tech Venture Capital“, explores the current state of the Africa technology venture capital ecosystem, it’s growth and how it will evolving with time.
The report indicated that in 2021, 640 African tech start-ups raised a total of $5.2B across 681 equity rounds, revealing there was 92% increase in growth YoY compared to the 359 rounds raised by 347 start-ups in 2020, hence making Africa tech VC the world’s fastest-growing ecosystem.
The report provides insights on Africa technology venture capital using the following:
- Methodology & Access To Data
- Deals and volumes
- Stage breakdown
- Country breakdown
- Sector breakdown
- Founder gender breakdown
- Investor breakdown
- Megadeals
- Unicorns
- Debt
The report summarized that, “It’s clear that large rounds and Megadeals are back, after a complete pause in 2020. In 2020, there were only two rounds recorded above $50M; in 2021 there were 21, almost 10x more than the year before. Meanwhile, the amount invested in this bracket increased 21x. A bounce back isn’t surprising after a year as quiet as 2020.”
Partech is an investment platform for tech and digital companies, bringing together capital and resources to support entrepreneurs at all stages in Europe, North America, Africa and Asia