HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES Trade & Investment News Read Our Blog Newsletters

African tech startups raised funding in excess of US$185.7m in 2015

Published on January 14, 2016

African tech startups received a total amount of funding in excess of US$185.7 million in 2015, according to data compiled by Disrupt Africa.

According to the: DISRUPT AFRICA AFRICAN TECH STARTUPS FUNDING REPORT 2015launched today, 125 tech startups raised funding in 2015 around the African continent, to the tune of US$185,785,500.

South Africa, Nigeria, and Kenya proved investors' favoured destinations in 2015; with 36 per cent of the startups that raised funding based in South Africa, 24 per cent in Nigeria, and Kenya in third place with 14.4 per cent of deals.

The top three highest amounts of funding also went to these three locations. South African startups raised in excess of US$54,568,000 throughout the year; Nigerian startups received over US$49,404,000; and Kenyan startups brought home over US$47,365,000. Read more. Source | CIO/East Africa