Nigeria’s OnePort365 raises US$5m seed round
Logistics companies raised a little under US$400-million last year, according to market research.
Vincent Matinde
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Presenting the 2021 Partech Africa Report: Africa Tech Booms in 2021 With $5.2B Raised in Equity, $6B Including Growing Debt Deals
Today, Partech Africa publishes its annual report on VC Funding for African Startups. In 2021, amid global VC growth, Africa tech still grew faster than any other region with 2x the activity of last year and more than 3x the amount invested, reaching $5.2B.
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Presenting the 2020 Partech Africa Report: The African Tech ecosystem is still accelerating with 359 equity rounds (+44% YoY) to a total funding of US$ 1.43B (-29% YoY)
In 2020, more startups have closed deals than in any previous year: 359 deals were closed by 347 startups, compared with 250 rounds in 2019, i.e., a +44% growth YoY.
3:10
Africa's tech start-ups attract US$2bn investment
Last year, 243 African tech start-ups raised a total of US$2.02-billion in equity through 250 rounds, says Partech Africa.
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Latest Africa-focused VC fund dangles US$6m carrot
Senegal-based Partech Africa Fund aims to support Africans using tech to tap into emerging market opportunities.