As investment in African tech continues to grow YoY, we reflect on previous performances to take note of its trends and patterns. According to Digest Africa data dating back as far as 2015, over $4.1 billion in a mixture of funding has been collected by African startups across 1311 deals (2015 - $254.7M, 2016 - $ 734.1M, 2017 - $439.1M, 2018 - $1.059B and 2019 - $1.694B.) Impressively so, there has been an 85% increase in what was raised in 2015 VS 2019, making it Africa’s most monumental year yet.
To appreciate how far the continent has grown in attracting funds and surpassing the billion mark, we should firstly capture how each year played a role. Below, we spotlight the Top 10 Deals from 2015 - 2019 that are attributed to the annual amounts raised when it comes to venture funding. These are immensely significant as they collectively raised $1.79B (43.2% of what the entire continent has raised in the last 5 years.)