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
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
African startup companies raked in over $380M in April across 40 deals, taking the total funding received in 2022 to over $2B, a whopping 168.36% YoY increase over the same period in 2021.
🇰🇪 received the lion's share attracting $275M(72%), followed by 🇳🇬 (8.9%), & 🇪🇬 (7%). 1/n
Energy ($270.5M, 5 deals) emerged as the most funded sector thanks to @SunKingGlobal's Series D, followed by Financial Services ($55.5M, 11 deals), Software ($20M, 4 deals) & Agritech ($19.2M, 5 deals). 2/n
@SunKingGlobal's $260M Series D topped the funding charts in April, also making it the largest round in 2022. This was followed by @PylonUMP's $19M Seed, @umbamobile's $15M Series A and @farmerline's $12.9M (Pre-Series A + Debt). 3/n