Investors in African startups drop to lowest numbers since 2021, says report
- Number of investors in financing deals over $100,000 dropped to about 520 in 2024 from over 850 in 2021.
- Active investors participating in more than ten deals of $100,000 fell from 28 in 2022 to 8 in 2024.
- In 2022, over 1,000 investors provided African startups with debt and equity financing worth at least $100,000.
The decline in investor participation in African startups raises concerns about the region's attractiveness to investors. However, the sustained interest from certain investors and the potential for future growth suggest that the ecosystem is still viable. It would be beneficial to explore strategies to revitalize investor confidence and engagement in the African startup landscape.
