Amount of VC equity funding raised by start-ups in Africa 2020, by country

Published by Statista Research Department, Jun 2, 2023
In 2020, the African country with the highest value of venture capital (VC) equity funding for startups was Nigeria. Approximately 307 million U.S. dollars in equity funding went to startups in Nigeria, followed by the 305 million U.S. dollars that went to startups in Kenya. The third place ranking is completed by Egypt, wherein tech and digital startups received approximately 269 million U.S. dollars in VC equity funding. Conversely, startups in Egypt completed the highest number of VC equity deals in Africa in 2020, which amounted to a total of 86 deals .

Volume of venture capital equity deals closed by digital and tech startups in selected African countries in 2020, by deal value (in million U.S. dollars)

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Release date

January 2021

Region

Africa

Survey time period

2020

Special properties

VC deals in tech & digital spaces; 347 start-ups

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