77% of African Angel Investors Allocate Under $25K to Startups, Survey Reveals
- 77% of angel investors in Africa allocated less than $25,000 to startups between 2022 and 2024.
- Increase in investors committing amounts ranging from $50,001 to $250,000.
- 59% of angel investors are motivated by job creation and poverty reduction.
The cautious approach of angel investors in Africa reflects the inherent risks associated with early-stage investments. However, fostering a culture of education and data-driven decision-making could significantly enhance investor confidence and lead to a more vibrant startup ecosystem. It is crucial for stakeholders to address these challenges to unlock the full potential of angel investing in the region.
