African Tech Startups Funding Report 2023 & Full Startup List

Total investment into the African tech startup ecosystem fell by 27.8 per cent to US$2.4 billion in 2023 as the impacts of the global capital shortage began to make themselves felt on the continent.

For the ninth consecutive year, Disrupt Africa is releasing data on the tech investment ecosystem across Africa, contained in the African Tech Startups Funding Report 2023.

This year’s edition of the African Tech Startups Funding Report, and the list of funded startups on which it draws, is available FREE as a result of an open-sourcing initiative in partnership with Flourish Ventures, AAIC Investment, and Atlantica Ventures. 

The report includes:

• Detailed information on funding activity in six African countries;
• Figures on the number of deals per location, and average deal sizes;
• Data on growth in funds and deals over the past nine years;
• Highlights of key deals across continent;
• Sector-specific breakdowns across 14 sectors;
• Tracking of acquisitions in 2023.
• The full list of 406 funded tech startups from across Africa, detailing location, sector, when funding was secured and, where we are able to disclose, the investors and approximate amount raised. Any funding amounts disclosed confidentially do not appear in the list.

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