Funding Report

The year 2021 was a record-breaking one for African tech startups, with 564 companies securing over US$2 billion worth of investment.

For the seventh consecutive year, Disrupt Africa is releasing data on the tech investment ecosystem across Africa, contained in the African Tech Startups Funding Report 2021.

The report details how Nigeria, Egypt, South Africa and Kenya are the premier investment destinations on the continent, though funding is also on the rise elsewhere. Fintech remains the dominant sector, and the number of investors grew substantially. 

This year’s edition of the African Tech Startups Funding Report, and the list of funded startups on which it draws, is available FREE as a result of an open-sourcing initiative in partnership with Novastar Ventures, MFS Africa, Quona Capital, 4Di Capital, MEST Africa and Future Africa. We thank our partners for their assistance in ensuring this vital data makes it into the hands of as many entrepreneurs as possible.

The report includes:

  • Detailed information on funding activity in seven African countries;
  • Figures on the number of deals per location, and average deal sizes;
  • Data on growth in funds and deals over the past six years;
  • Highlights of key deals across continent;
  • Sector-specific breakdowns across 12 sectors;
  • Tracking of acquisitions in 2021.
  • The full list of 564 funded tech startups from across Africa, detailing location, sector, when funding was secured and, where we are able to disclose, the investors and approximate amount raised. Any funding amounts disclosed confidentially do not appear in the list.