African Startup Investment Inches Towards $1 Billion as Egypt, South Africa, and Kenya Clutch New Deals
- Over $970,612,550 have been invested in African Startups in 2024.
- Egypt’s Dopay, South Africa’s TurnStay, and Kenya’s d.light have announced new investments totaling $189.8M
- Dopay has announced the closing of a strategic USD 13.5 M Series A extension round.
The decrease in investment in African startups in 2024 compared to previous years is concerning. However, the announcements of new investments in Dopay, d.light, and TurnStay show some positive developments. It remains to be seen if these investments can help boost the industry and close the gap.
