Thread by @digestafrica

Africa Startup Funding June '22

Startups operating in Africa raised at least $230M in June 2002 across 51 disclosed deals, bringing the YTD total to ~$2.7B. This represents 125% growth vs 2021.
46% of funding went to 🇿🇦($108.2M), followed by 🇳🇬($34.8M, 15%), & 🇬🇭($30M, 13%). 1/n

Fintech received over 72% of the funding, a big chunk through @MFS_Africa's $100M raise. The Energy sector received $30.5M across 5 deals followed by Edtech ($16M, 4 deals), Software ($5.1M) & E-commerce ($4.9M). 2/n

🇿🇦 @MFS_Africa's Series C topped the charts, followed by 🇬🇭 @fidocredit's Series A, 🇲🇼#YellowAfrica's debt, 🇳🇬 @moove_io's $20M debt, and 🇹🇳 @gomycode's $8M Series A. 3/n

Startups with men-only founding teams received 82.1% of June's total funding.
Out of the 51 deals announced in June, only 17 involved teams with at least a woman co-founder. 4/n

Here's the distribution by funding rounds 👇🏽

#Startups #VentureCapital #Africa

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