Checkout four African countries that raised over $100m startup funding in 2023

  • Only startups in four African countries were able to raise funds above the threshold of $100 million in 2023
  • According to the state of tech in Africa report, African startups encountered formidable challenges in 2023.
  • Despite experiencing a significant 79% decrease in funding, the fintech sector stood out as the top-funded industry

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

Startups in Nigeria, South Africa, Kenya, and Egypt secured funding exceeding the $100 million threshold in 2023.