Research: African tech startups raised $1.55B in 71 debt deals in 2022, up from $767M in 2021, and startup funding rose 8% YoY, compared to a 35% drop globally (Ruth Olurounbi/Bloomberg) - TechnW3

Research: African tech startups raised $1.55B in 71 debt deals in 2022, up from $767M in 2021, and startup funding rose 8% YoY, compared to a 35% drop globally (Ruth Olurounbi/Bloomberg) - TechnW3

Ruth Olurounbi / Bloomberg:
Research: African tech startups raised $1.55B in 71 debt deals in 2022, up from $767M in 2021, and startup funding rose 8% YoY, compared to a 35% drop globally  —  African startups more than doubled the amount of debt they raised last year, a surge that may continue as an economic slowdown …

from TechnW3