Technology startup funding up 8% to $6.5bn in 2022
African technology startup investment platform Partech Africa’s recently released Africa technology venture capital report reveals that, despite the global venture capital downturn, the African technology ecosystem grew faster than all other markets globally.
Total funding invested into technology startups during 2022 in Africa reached $6.5-billion – an increase of 8% year-on-year, spread across 764 deals – compared with 724 deals in 2021.