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Browsing: African Private Equity and Venture Capital Association(AVCA)
- Africa’s venture ecosystem experienced a marked downturn in 2023, mirroring broader declines in venture capital to startups in the global market.
- Both the volume and value of venture capital investment decreased by close to a third in 2023.
- Africa attracted a combined $4.5 billion in venture capital and venture debt investment during the year, across 603 deals.
The high investor flight seeking better returns from markets abroad negatively impacted on Startups in Africa, as venture capital deals dropped in 2023 amid a turbulent time that saw the closure of some key firms.
Africa’s venture ecosystem experienced a marked downturn in 2023, mirroring broader declines in venture capital to startups in the global market.
After a record-breaking year for investor interest in African ventures, with over 1,100 unique investors participating in deals in 2022, there was a dramatic reversal of this trend last year, industry data shows, as the number …
