In 2023, Africa raised 2.9 billion U.S. dollars in start-up funding, excluding exits. The latter included equity, debt, and other sources of funding. The highest amount raised in the years observed was 4.6 billion U.S. dollars in 2022, and the lowest in 2020, at 1.1 billion U.S. dollars.
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Funding raised by start-ups excluding exits in Africa from 2019 to 2023
(in billion U.S. dollars)
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Africa The Big Deal. (January 17, 2024). Funding raised by start-ups excluding exits in Africa from 2019 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 08, 2025, from https://www.statista.com/statistics/1469768/funding-raised-by-startups-excluding-exits-in-africa/
Africa The Big Deal. "Funding raised by start-ups excluding exits in Africa from 2019 to 2023 (in billion U.S. dollars) ." Chart. January 17, 2024. Statista. Accessed July 08, 2025. https://www.statista.com/statistics/1469768/funding-raised-by-startups-excluding-exits-in-africa/
Africa The Big Deal. (2024). Funding raised by start-ups excluding exits in Africa from 2019 to 2023 (in billion U.S. dollars) . Statista. Statista Inc.. Accessed: July 08, 2025. https://www.statista.com/statistics/1469768/funding-raised-by-startups-excluding-exits-in-africa/
Africa The Big Deal. "Funding Raised by Start-ups excluding Exits in Africa from 2019 to 2023 (in Billion U.S. Dollars) ." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/1469768/funding-raised-by-startups-excluding-exits-in-africa/
Africa The Big Deal, Funding raised by start-ups excluding exits in Africa from 2019 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1469768/funding-raised-by-startups-excluding-exits-in-africa/ (last visited July 08, 2025)
Funding raised by start-ups excluding exits in Africa from 2019 to 2023 (in billion U.S. dollars) [Graph], Africa The Big Deal, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/1469768/funding-raised-by-startups-excluding-exits-in-africa/
