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 data compiled by Disrupt Africa.
For the second consecutive year, Disrupt Africa is releasing comprehensive data on the tech investment ecosystem across Africa, contained in the DISRUPT AFRICA AFRICAN TECH STARTUPS FUNDING REPORT 2016.
The report reveals South Africa, Nigeria and Kenya were the top three destinations for tech investors in 2016, both in terms of numbers of deals and total amount of funding.
Sector-specific research shows the fintech sector received the most funding; while the agri-tech sector saw the biggest percentage growth as compared to the previous year.
Other information contained in the report includes:
Detailed information on funding activity in eight African countries;
Figures on the number of deals per location, and average deal sizes;
Highlights of key deals across continent;
Sector-specific breakdowns across nine sectors;
Tracking of acquisitions in 2016;
Comparative analysis of the ecosystem over 2015 to 2016;
An “investor profile” and “entrepreneur profile”.