East Africa’s Startup Funding Surge: Kenya’s Dominance and Regional Investment Trends
East Africa secured 31% of total investment in 2020, with a marginal lead over West Africa. Since mid-2022, East Africa has accounted for 30% of all funding, surpassing other regions.
Productive solar technologies draw investors as global off-grid solar sector funding slumps
PURE technologies raised $65 million in 2023, double the previous year. Figorr, a cold chain startup, raised funding for storage and transportation of temperature-sensitive products.
LeapFrog’s new fund to double down on financial and healthcare sectors in Africa and Asia
LeapFrog Investments plans to raise $1 billion for a new fund targeting businesses in global growth markets, including Africa. The fund will make initial investments of between $30 million and $70 million in 18 to 20 high-growth businesses.
