Top funding rounds in the African tech space [Infographic]

·
April 20, 2021
·
1 min read
startup funding

Since the startup boom in Africa, over 12 years ago, 11 startups of African origin have individually raised a minimum of $50 million. There were 19 of such funding rounds.

Of the 19 rounds, Financial Services had eight entries, followed by Marketplace (Online Retail) with seven. Online Retail had only two companies with multiple entries: Jumia accounted for four and South-African eCommerce platform, Takealot, had three.

No Financial Services company dominated the space. However, South-African Jumo, Nigeria’s Opera Pay (OPay), and Tala -- which was first launched in Kenya -- all had two entries.

In the infographic below, Intelligence by Techpoint dives into the data.

Top funding rounds of African scaled

Go deeper and gain more insights about the African startup space. Get the 2020 edition of the Nigerian Startup Funding Report.


Got a tip? Our journalists are ready to dig deeper. Please share your insights and information and help us uncover the stories that matter.

Decision making insights for everyone! Intelligence by Techpoint is in charge of the Nigerian Startup Funding Report, a detailed and comprehensive report on the funding activities of Nigerian startups. Intelligence by Techpoint also offers research consultancy services to businesses and institutes
Decision making insights for everyone! Intelligence by Techpoint is in charge of the Nigerian Startup Funding Report, a detailed and comprehensive report on the funding activities of Nigerian startups. Intelligence by Techpoint also offers research consultancy services to businesses and institutes
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is 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! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

Decision making insights for everyone! Intelligence by Techpoint is in charge of the Nigerian Startup Funding Report, a detailed and comprehensive report on the funding activities of Nigerian startups. Intelligence by Techpoint also offers research consultancy services to businesses and institutes

Other Stories

43b, Emina Cres, Allen, Ikeja.

 Techpremier Media Limited. All rights reserved
magnifier