In 2021, the tech ecosystem in Africa reached 2x the quantity of rounds and more than 3x the amount invested compared to the previous year. While there has been an acceleration throughout all round brackets, total funding was driven by a re-surge in large rounds above $50M.
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Amid global VC growth in 2021, tech funding in Africa grew faster than in any other region
In 2021, 640 African tech start-ups raised a total of $5.2B across 681 equity rounds. This 3.6x YoY growth makes Africa tech VC the world’s fastest-growing ecosystem.
