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  The annual African Tech Startups Funding Report is published by startup news and research portal Disrupt Africa. In 2022, the eighth edition of this report was released and it reveals that the number of active investors in African tech startups increased by 28% to almost 1,000. However, this growth rate was slower compared to the previous years.
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The report is available for free to all as part of an open-sourcing initiative in collaboration with organizations like Flat6Labs, MarketForce, 4Di Capital, Mercy Corps Ventures, Newtown Partners, and InsiderPR. The report also details that in 2022, a total of 633 startups raised a combined US$3,333,071,000 in funding. This was a significant increase in the number of funded startups by 12.2% compared to 564 in 2021. Additionally, the total secured funding jumped by 55.1% compared to US$2,148,517,500 in 2021. The report also tracks the number of active investors in African tech startups and found that there were at least 987 different disclosed investors in 2022, which is an increase of 28% from 771 in 2021. This marks the highest number of individual disclosed investors in any year on record.
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However, growth in the number of active investors in African tech startups is slowing down. The report states that the 2021 figure represented an increase of more than double (108.4%) compared to the 370 disclosed investors in 2020. The numbers for 2019 and 2018 were 261 and 155, respectively. The most active investors in African tech startups are early-stage funds such as Launch Africa Ventures, LoftyInc Capital Management, and Future Africa, while accelerators, both local and international, are also very active, including Y Combinator, Techstars, Flat6Labs, and Startup Wise Guys.
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At later stages, a host of local and international VC firms are active in the market, along with major global investors such as Tiger Global, Sequoia Capital, and SoftBank. Successful African founders like Shola Akinlade of Paystack and Olugbenga Agboola of Flutterwave are also active investors. Featured Image Source: Investing News Network
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This article was first published on 20th February 2023


Nnaemeka is an academic scholar with a degree in History and International Studies from the University of Nigeria, Nsukka. He is also a creative writer, content creator, storyteller, and social analyst.

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2 thoughts on “The Tech Investor Report of 2022”

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