Charts Showing African Startups Resilience Amid Global Chaos
- Funds raised year-to-date higher than same period in 2021
- Global downturn fears may slow fundraising in months ahead
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Africa’s technology-dominated startups will continue to attract investment, even if at a slower pace, following record venture capital funding last year.
The sector has seen inflows of $2.7 billion since January, more than double the $1.2 billion in the first five months of last year, according to data collated by Futuregrowth Asset Management.