Africa: The Big Deal’s Post

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💸 At least 1,790 unique #investors were involved in one $100k+ deal or more in #Africa since 2021. In 2023, we recorded 619+ unique investors, a -38% YoY drop, which is very much aligned with not only the drop in overall funding but also in number of ventures raising $100K or more (-39% YoY for both). It would be tempting to think that in a tough investment climate, only those who had invested in the continent beforehand decided to do so in 2023. But this isn’t exactly the case as 47% of investors who invested in a $100k+ deal in 2023 had not invested in one in either 2021 or 2022..." 🌦️ 2023 🌦️ Fewer investors, but no exodus 🌦️ To find out more, check out the latest of our newsletter posts analysing start-up funding on the continent in 2023 👇

🍰 2023 🍰 Big Four domination. Yes, but... 🍰

🍰 2023 🍰 Big Four domination. Yes, but... 🍰

thebigdeal.substack.com

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