Tech startups defy downturn, set funding record

African startups recorded the highest funding as of November last year, despite the economic downturn that affected funding not just on the continent but globally, data from the Big Deal has shown.

The data revealed that $4.6 billion was raised by African startups in the 11-month period, surpassing the $4.46 billion recorded in the whole of 2021, and this is expected to reach $7 billion by the end of 2022.

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