Analyses Made Easy
Partech’s 2020 Annual Africa Tech Venture Capital Report*
*All figures and graphs are taken directly from the report itself.
359 equity rounds were raised by 347 African start-ups, compared to 250 rounds by 234 companies in 2019, representing 44% growth YoY. Equity funding raised by African tech startups in 2020 totaled $1.429B down 29% from $2.02B in 2019 (see graph).
Mega-rounds ($50M+) saw their numbers dip 80% in terms of deal volume and 85% in terms of total funding. All types of funding rounds below this amount saw growth deal count, and almost all in terms of total funding (see table). If mega-rounds are excluded from both 2019’s and 2020’s capital flows, then total funding is flat between the two years.
While the average round size decreased across all stages, average...