Number of African tech startups raising funding up by 17% in 2016

African tech startups raised funding in excess of US$129 million in 2016, with the number of startups securing funding up by 16.8 per cent compared to the previous year.

According to the DISRUPT AFRICA TECH STARTUPS FUNDING REPORT released today, 146 startups from across Africa raised US$129,113,200 in funding over the course of 2016.

This displays substantial growth in the number of startups to raise funding as compared to the previous year, although the overall total amount of funding recorded declined.

South Africa, Nigeria and Kenya remained the three most popular investment destinations on the continent, accounting for 80.3 per cent of funds secured. Meanwhile, Egypt experienced over 100 per cent growth in fundraising, making it the fourth ranked destination.

Of the nine sectors analysed in the report, the fintech sector received the most backing in 2016, with startups in this space raising a combined US$31.4 million.

New to this edition, the report also makes available data on the startup acquisitions which took place in 2016; as well as the results of surveys relating to preferences and trends within the entrepreneur and investor communities on the continent.

“2016 was another great year for African tech startups and investors. Our ecosystem progressed in leaps and bounds over the course of the year, which is evidenced by strong growth in the number of startups raising funding, and an encouraging expansion of ecosystem activity across the continent. We’re excited to present the Disrupt Africa Tech Startups Funding Report 2016, and hope it helps chart the rise of Africa’s entrepreneurs,” said Gabriella Mulligan, co-founder of Disrupt Africa.

“The general theme of 2016 has been more rounds, but with fewer standout tickets than in 2015. The African tech space has not been immune to the economic pressures faced by other sectors, but it is proving extremely resilient. The fact more startups raised funding in 2016 than ever before demonstrates the vitality of this sector, and we expect investor interest to grow and grow over the course of 2017,” said Tom Jackson, co-founder of Disrupt Africa. – CNBC

Share this:

Arts & Entertainment

Arts & Entertainment

Damian Marley’s deep love for Africa

24th May 2017 Staff Reporter 0

Damian Marley’s 2010 collaboration album with Nas, Distant Relatives is littered with references to Africa’s rich cultural background. During the recording of the album Marley and Nas dug through archives of African music in search […]

62 Trackbacks & Pingbacks

  1. Google
  2. pdr training
  3. best vibrating cock ring
  4. Chevrolet Topkick
  5. movie malayalam
  6. php music Script
  7. 24/7 service
  8. Acoustic
  9. shared hosting
  10. dabs
  11. sex therapist
  12. superior auto institute
  13. free download for windows 8
  14. laptop app
  15. pc games for windows 10
  16. app for laptop
  17. superior auto institute review
  18. apps download for windows 7
  19. app for laptop
  20. free download for pc windows
  21. kerala used car
  22. coffee from kona
  23. buy beans of kona
  24. pc games for windows 8
  25. strap on
  26. miniclip games
  27. free download for pc windows
  28. sex toys
  29. Best Anal Plugs
  30. app download for windows 8
  31. app download for pc
  32. Squirmy Rabbit Love-Her
  33. Masturbator Toy
  34. ways to earn money from home
  35. why do people cheat
  36. gym diet
  37. first anal toy
  38. clitoral vibrators
  39. n natural gas
  40. amazon Customer Reviews
  41. microfoane spion
  42. best selling vibrator
  43. adam and eve
  44. Where to Buy Phentermine
  45. Neapolitan pizza
  46. apps for pc free download
  47. Cheap Boston Red Sox Jerseys
  48. pasadena
  49. Light expertise SanLiBang
  50. motu and patlu game
  51. nSpire Network Signup
  52. std safe sex
  53. Strap On Dildo
  54. Logitech G602 Wireless Gaming Mouse,Logitech G602,G602,Wireless Gaming Mouse
  55. Female Sex Toys
  56. Empty Vegetarian capsules
  57. red and black jordans
  58. how to make extra money
  59. 100% kona coffee
  60. dependência química
  61. Anti Aging skincare
  62. adam & eve sex toys

Leave a Reply

Your email address will not be published.