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Digest Africa Profile picture
Digest Africa
@digestafrica
The leading provider of investment data & insights about African startups.
Jul 7, 2022 • 6 tweets • 4 min read
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 ImageImage 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 Image
May 3, 2022 • 5 tweets • 4 min read
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 ImageImage 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 Image