The first two months of the year have been impressive for African startups, as we’ve recorded over 84 funding deals resulting in a total of $728.5 million raised in disclosed venture capital funding across the continent. This is a promising start to the year, especially as it represents a 16% increase from the total amount raised in Q4 of last year.
However, it’s worth noting that the majority of this funding was raised by a few startups. In fact, 90.2% of these funds were raised by just 10 startups.
To help you stay updated, we’ve created the AU-Startups Megadeals List, which is a curated selection of the largest funding rounds of 2023 within the African startup ecosystem. We will be updating this list monthly going forward, so be sure to keep an eye on it to stay informed about the latest trends and developments.