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Chronicles

The story behind the story

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African tech startups raised a record $4B+ in 2021, more than 2019 and 2020 combined, with more $100M+ rounds than ever before

African VC reached new heights in 2021 at over $4 billion and there's never been a better time to be bullish  —  Two years ago, the African tech ecosystem saw newfound attention …

TechCrunch Tage Kene-Okafor

Discussion

  • @ulonnaya Tage on x
    African VC reached new heights in 2021 at over $4 billion. No one knows what to expect in 2022, but there's a nuanced sanguinity that we would see “more of everything” so brace yourselves. https://techcrunch.com/...
  • @eghosao Eghosa Omoigui on x
    It's always interesting to see references to Interswitch's '19 valuation that sugg the company is worth the same today. Fintech multiples are up & there's a serious business under the covers there. The most valuable African tech companies may not be who folks think. My two cents.…
  • @habesh_ @habesh_ on x
    From minting five unicorns to witnessing more million-dollar raises by female CEOs, @TechCrunch spotlights some of the events that shaped this pivotal moment in #Africa/n tech. African tech took center stage in 2021 by @ulonnaya #startup https://techcrunch.com/...
  • @kdenkss @kdenkss on x
    Overall this year $600 billion was raised globally by startups, the fact African startups only got $4 billion of it nearly matches the amount African countries get from global FDI streams(1 %). This isn't a huge success story, it's crumbs. https://twitter.com/...