Median value of key venture deals in Africa H2 2022-2023, by type

Published by Statista Research Department, Jun 6, 2024

Between July 2022 and December 2023, the median value of series B funding raised by startups in Africa equaled 20 million U.S dollars. This was the highest amount compared to the other stages of funding observed considering the number of startups. Series A funding totaled 10 million U.S dollars in the same period.

Median value of key venture deals in Africa between July 2022 and December 2023, by type (in million U.S dollars)

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Release date

February 2024

Region

Africa

Survey time period

July 2022 to December 2023

Number of respondents

See 'Details' section

Special properties

funding winter

Supplementary notes

The source notes the following:

Deals tracked are those in the amount of 100,000 U.S dollars and above. 

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

All deals have confirmed round values, thus exclude estimates.

Number of startups:

  • Pre-Seed: 87
  • Seed: 100
  • Pre-Series A: 26
  • Series A: 27
  • Series B: 19

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