African Startups That Have Raised At Least $20M In A Single VC Round

African Startups That Have Raised At Least $20M In A Single VC Round

    Research Brief

Last year, the US recorded over $100 billion in venture capital investment according to CB Insights report while Africa only recorded less than $1 billion per Digest Africa data. Yet, although there is still a huge gap between venture capital investment into Africa and other parts of the world, particularly the West, one can’t fail to notice that the former is on an upwards trajectory. It is also worth noting that the ticket sizes for both early venture and late venture rounds are getting bigger on average. In this research brief, we take a look at the biggest VC rounds recorded by African startups (companies founded not more than 10 years ago) with a focus on rounds that are at least $20 million - which we are referring to as mega-rounds in this brief. Please note that we excluded rounds raised by companies that were founded before 2009. In cases where a company raised a single round through mult... }

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