In 2020, the African country with the highest value of venture capital (VC) equity funding for startups was Nigeria. Approximately *** million U.S. dollars in equity funding went to startups in Nigeria, followed by the *** million U.S. dollars that went to startups in Kenya. The third place ranking is completed by Egypt, wherein tech and digital startups received approximately *** million U.S. dollars in VC equity funding. Conversely, startups in Egypt completed the highest number of VC equity deals in Africa in 2020, which amounted to a total of ** deals .
Volume of venture capital equity deals closed by digital and tech startups in selected African countries in 2020, by deal value
(in million U.S. dollars)
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Partech. (January 29, 2021). Volume of venture capital equity deals closed by digital and tech startups in selected African countries in 2020, by deal value (in million U.S. dollars) [Graph]. In Statista. Retrieved July 15, 2025, from https://www.statista.com/statistics/1237423/value-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech. "Volume of venture capital equity deals closed by digital and tech startups in selected African countries in 2020, by deal value (in million U.S. dollars)." Chart. January 29, 2021. Statista. Accessed July 15, 2025. https://www.statista.com/statistics/1237423/value-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech. (2021). Volume of venture capital equity deals closed by digital and tech startups in selected African countries in 2020, by deal value (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 15, 2025. https://www.statista.com/statistics/1237423/value-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech. "Volume of Venture Capital Equity Deals Closed by Digital and Tech Startups in Selected African Countries in 2020, by Deal Value (in Million U.S. Dollars)." Statista, Statista Inc., 29 Jan 2021, https://www.statista.com/statistics/1237423/value-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech, Volume of venture capital equity deals closed by digital and tech startups in selected African countries in 2020, by deal value (in million U.S. dollars) Statista, https://www.statista.com/statistics/1237423/value-of-venture-capital-equity-deals-tech-startups-africa-by-country/ (last visited July 15, 2025)
Volume of venture capital equity deals closed by digital and tech startups in selected African countries in 2020, by deal value (in million U.S. dollars) [Graph], Partech, January 29, 2021. [Online]. Available: https://www.statista.com/statistics/1237423/value-of-venture-capital-equity-deals-tech-startups-africa-by-country/
