Top 10 investors still backing African startups despite funding slowdown
Africa's startup ecosystem has experienced remarkable highs and challenging lows over the past seven years. The post Top 10 investors still backing African startups despite funding slowdown appeared first on Nairametrics .
The African startup ecosystem has seen significant highs and lows since 2019. While global funding slowed down due to rising interest rates and tighter liquidity conditions, a select group of investors maintained their consistent activity. These top 10 investors backed 1,226 deals, accounting for 13.19% of the total deals raised since 2019.
Mauritius-based Launch Africa led the pack with nearly 200 deals, followed by Germany's DEG. African-based investors, totaling 699, supported 3,217 deals, contributing 34.59% to the total deals raised, indicating the growing maturity of Africa's domestic venture capital ecosystem. U.S.-based investors dominated the top 10, reflecting the influence of American capital and accelerator networks.
Nigeria emerged as a notable hub for venture capital, with LoftyInc Capital Management and Future Africa securing multiple spots in the top 10, showcasing the country's growing role in supporting early-stage startups.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
