Here are Africa’s biggest startups based on valuation
- Funding into African startups exceeded $2 billion last year, returning to pre-pandemic levels.
- A decline in mega-deals has led investors to prioritize sustainable business models.
- High-profile closures include Copia and Gro Intelligence, both of which had raised over $100 million.
The current state of the African startup ecosystem reflects both the potential for growth and the significant risks involved. While the return to pre-pandemic funding levels is promising, the trend towards sustainable business models suggests a necessary shift in strategy for many startups. It will be crucial for investors and entrepreneurs to navigate these challenges carefully to foster a resilient and innovative tech landscape in Africa.
