Number of VC equity deals completed by start-ups in Africa 2020, by country

Published by Statista Research Department, Nov 9, 2024
In 2020, the African country where the highest number of venture capital (VC) equity funding deals were completed was Egypt. A total of approximately 86 VC equity deals were completed by startups in Egypt, followed by the 72 equity deals completed by startups in South Africa. The third place ranking is completed by Nigeria, wherein tech and digital startups closed a total of 71 VC equity deals. Conversely, startups in Nigeria received the highest value of equity funding in Africa in 2020, which amounted to approximately 307 million U.S. dollars.

Number of venture capital equity deals closed by digital and tech startups in selected African countries in 2020

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Release date

January 2021

Region

Africa

Survey time period

2020

Special properties

VC deals in tech & digital spaces; 347 start-ups

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Topics

Venture capital in North AmericaM&As worldwidePrivate equity worldwideFintechStartups worldwide
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