Start-up funding raised in Africa 2021-2023, by selected countries

Published by Statista Research Department, Jun 10, 2024

In 2023, Kenya's startups managed to raise 800 million U.S. dollars, the highest amount raised among the countries observed. Egypt and South Africa followed with 640 million U.S. dollars and 600 million U.S. dollars, respectively. Nigeria, however, raised the most amount in 2021, with 1.7 billion U.S. dollars, the highest funding within the periods observed. 

Start-up funding raised in Africa from 2021 to 2023, by country (in million U.S. dollars)

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Release date

January 2024

Region

Africa, Kenya, Nigeria, South Africa, Egypt

Survey time period

2021 to 2023

Special properties

all deal types except exits

Supplementary notes

The source notes the following:

2019 deals: 1 million U.S. dollars and above.

2020 deals: 500,000 U.S. dollars and above.

2021-2023 deals: 100,000 U.S. dollars and above.

Deals include those that are publicly disclosed and those shared confidentially by selected investors. 

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