Presenting the 2020 Partech Africa Report: The African Tech ecosystem is still accelerating with 359 equity rounds (+44% YoY) to a total funding of US$ 1.43B (-29% YoY)
(2) Today, Partech Africa publishes its annual report on VC Funding for African Startups. It appears that, in the middle of the global pandemic, the African tech ecosystem is still growing fast, with more deals closed, and is getting a boost from the accelerated digitalization of foundational economic sectors. More equity rounds in a challenging year In 2020, more startups have closed deals than in any previous year: 359 deals were closed by 347 startups, compared with 250 rounds in 2019, i.e., a +44% growth YoY. Another very positive signal is the number of seed deals which massively acceler...
Source: finanznachrichten.de