African startups raised US$2.02B equity funds in 2019 – Partech Africa

African startups raised US$2.02B equity funds in 2019 – Partech Africa

African startups raised US$2.02B equity funds in 2019 according to Partech Africa.

2018 saw US$1.163B raised in private equity, a figure that both Cyril Collon and Tidjane Dème anticipated to be reached after a further two years. Exceeding expectations even further, in 2019 that number increased significantly, with US$2.02B in equity being raised through 250 rounds, representing a 74%YoY growth.

The Partech Africa report tracked 250 rounds raised by 234 start-ups compared to 164 rounds by 146 start-ups the year before, representing +52% growth YoY in deal count. It should also be noted that the early stage rounds of Seed and Series A investments were extremely dense, a fact that demonstrates investors’ confidence in taking early bets in Africa.

You can download the full report here.

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