In a recent shift, Techstars has emerged as the most active investor in Africa, surpassing Launch Africa, according to data from Africa: The Big Deal, a platform for startup deals.
Techstars secured the top spot by making 56 deals on the continent in the previous year, outpacing Launch Africa’s 19 deals.
According to capitalfm.co.ke, This development underscores the evolving landscape of startup investments in Africa, reflecting Techstars’ robust engagement and commitment to fostering innovation across the continent.
This is the first time that Launch Africa has been removed from the top spot, as it occupied the first position in 2021 and 2022.
Other big investors in Africa include Founders Factory Africa, Ventures Platform, and Catalyst Fund, among others.
Most of the deals, the data showed, went to Kenyan startups in Africa followed by Egypt, South Africa and Nigeria.
In East Africa, Kenya’s share grew from 86 percent in 2022 to 91 percent in 2023, highlighting its dominance in East Africa.