African tech startups raised funding in excess of US$195 million in 2017, up 51 per cent on 2016, with the number of startups securing funding also increasing to 159.
This represents the most successful year of fundraising by African tech startups since tracking began.
For the third 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 2017.
The report reveals South Africa, Nigeria and Kenya were the top three destinations for tech investors in 2017, both in terms of numbers of deals and total amount of funding, while there were also impressive years for Egypt and Ghana. The report tracks funding raised by startups in an additional 13 African nations.
Sector-specific research shows the fintech sector received the most funding; while the e-commerce 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 five African countries;
- Figures on the number of deals per location, and average deal sizes;
- Highlights of key deals across continent;
- Sector-specific breakdowns across 10 sectors;
- Tracking of acquisitions in 2017.
The report is available at a cost of US$300.