African startups raised $652.4 million in H1 2024 as the downward funding trend continues
This figure marks a weighty decrease of about 50.2% compared to the $1.31 billion raised in H1 2023, according to data from BD Funding Tracker
BD Funding Tracker
African tech VC funding declined 51% YoY in Q1 2024
In Q1 2024, African startups raised at least $369 million across 64 publicly announced deals, a 51.36% plunge from the previous year according to BD Funding Tracker.
Three charts showing how African startups raised $89.6M in November 2023
In November 2023, African startups secured $89.6 million in VC funding, across 17 announced deals. Per BD Funding Tracker, it is a 42.63% decline from the previous month.
VC investments in African tech dropped by 48% in the first half of 2023
African tech startups raised over $1.3 billion in H1 2023, according to BD Funding Tracker. This is a 47.69% decline from the period under review last year.
VC funding in Nigeria plunges 92.1% in Q1 2023
Venture capital (VC) funding in the Nigerian tech startup ecosystem declined by 92.1% in Q1 2023 compared to the same period in 2022.
How is BD Funding Tracker curated?
BD Funding Tracker is a comprehensive data bank on venture capital in Africa. This is how we cover the real-time inflow of deals across the continent.