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Analysis > Analysis and Strategy

African Venture Capital Brief

Digest Africa
Oct. 16, 2020, 2:18 p.m.

Word count: 776

The first half of 2020 has been a roller coaster of emotions for the continent. There has been a drop in funding of $115.5m (24%) in H1 2020 that raised $370.5m across 149 rounds compared to $486m across 193 deals of H1 2019. On a positive note, February recorded the highest number in deal count (34 deals) that valued $124.7m for the period, which is 226.4% more than $38.2m raised across 22 deals in February 2019. The effects of the Covid-19 pandemic which has caused a drop is funding for startups on the continent as fundraising plans continue to be re-evaluated and business models tested. Most investors are cautious and continue to fund existing portfolio companies and or sectors that are seeing upside from Covid-19 effects. Funding to women led or women co-founded startups remains low at 13% of all funding raised. From the stage of funding rounds, Africa remains broadly a nascent to evolving startup ecosystem.

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At Africa Global Funds (AGF) we are focused on reporting exclusively on the African Asset Management industry (traditional and alternative asset classes). Featured in our monthly magazine you will find exclusive interviews, analysis, news, comments and more dedicated to the topic. Each month we also compile data on the latest PE (fundraising, deals, and exits), Funds and Markets performance stats, along with economic indicators; available in the magazine and online.

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