Home » Africa: Techstars Surpasses Launch Africa as Top Investor in African with 56 Deals in 2023 – CapitalFM Reports

Africa: Techstars Surpasses Launch Africa as Top Investor in African with 56 Deals in 2023 – CapitalFM Reports

by Atqnews23
0 comment
Techstars

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.

READ: Africa: Fintech Provider Verto Boosts East African Presence with UBA Partnership, Entering Kenyan Market for Enhanced Payment Solutions

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.

You may also like

Leave a Comment

ATQnews.com

ATQnews.com® a member of Travel Media Group is the online platform for African Travel Quarterly (ATQ), the first travel magazine in West Africa which solely focuses on travel and tourism issues. 

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Latest News

ATQNEWS @2023 – All Right Reserved. Designed by Duchy Media Agency

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00