This infographic provides a comprehensive overview of the dynamic and transformative journey of tech funding in Africa over the past seven years. The African continent has experienced a remarkable surge in technology-driven innovation, attracting significant investment and propelling its tech ecosystem forward.
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According to Disrupt Africa, 2021 was a landmark year for the African tech space, with unprecedented growth seeing the sector pass both the US$1 billion and US$2 billion marks for the first time.
However, amidst a global downturn in investments, especially in riskier asset classes such as venture capital, one would have been forgiven for expecting some levels of stagnation in 2022. Far from it.
As depicted in the infographic, the funding landscape has evolved rapidly, with a steady increase in funding amounts and a diversification of investment sources.
Overall, this infographic captures the vibrancy and transformative power of tech funding in Africa over the past seven years. It demonstrates the continent’s immense potential, innovative spirit, and the growing confidence of investors in Africa’s tech-driven future.