Introducing the West African Startup Decade Report

by | Oct 5, 2020

In the first quarter of 2018, Techpoint Africa started the Nigerian Startup Funding Report – a curation, breakdown, and analysis of funding activities in the Nigerian startup space — and has since produced ten editions.

Also in 2018, Techpoint Africa started gathering data for another report – the West African Startup Decade Report (2010-2019) – after Adewale Yusuf, CEO of Techpoint Africa, shared his vision. It was easy to buy into it because, in 2015, his insistence on telling the African innovation story led to the founding of Techpoint Africa; the company has since grown to be the leading online media in Africa focused on innovation within the continent.

After two years of data gathering, verification, and analysis, we are happy to present the West African Startup Decade Report.

The report looks at the activities of startups in the region that cumulatively raised a million dollars and above between 2010 and 2019.

West Africa Startup Decade Report cover page

Taking into account publicly announced funding rounds, 94.1% of which were verified by the featured startups, this report doesn’t only highlight the funding activities of West African startups; it also considers criteria like industry and origin of the founder(s), as well as the investors they attracted, among others.

What’s in the report:

  • Overview of some West African countries
  • Breakdown of funding activities by startup industries
  • Accelerated vs non-accelerated West African startups
  • Industry spotlight with opportunities
  • Breakdown of founders by gender, experience, education, and origin
  • Founder spotlight
  • The relationship between the number of founders and the amount raised
  • Origin of investors, industries they invested in, and the investment deals they participated in
  • A list of featured startups

This report is available in English, Japanese, and Mandarin. Get the report here.

Looking to transition into tech? Learn how to code in 1 year with AltSchool Africa. Earn a diploma in software engineering at $0. Apply Here.

Notify of
Inline Feedbacks
View all comments

Recent News

Betting $165 million on Africa’s B2B eCommerce in 2021

Betting $165 million on Africa’s B2B eCommerce in 2021

While Africa’s eCommerce struggles frequently make the news, investors have bet a combined $165 million on a growing class of startups in 2021. Today on #TechpointDigest, @eruskkii discusses the rise of B2B marketplaces in Africa.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap