According to a recent report by Global Tech Media WeeTracker, African startups have completed 118 deals and raised $ 168.6 million in financing between January and June 2018. Nigeria has attracted a large number of African states. the most investors with a total of 31 transactions completed for a total amount of $ 29.41 million.
Kenyan startups in second place, in terms of number of transactions (23 deals) managed to raise the most financing across the continent, or $ 82.86 million.
Egyptian startups are third on the continent in terms of transactions made during this first half while South African startups are fourth.
The highest amount of funding awarded to an African startup from January to June 2018 is $ 47.5 million. This resource has been allocated to Cellulant, a Kenyan startup that provides online payment services.
Branch’s micro-loan platform Branch achieved the second-largest fundraiser with $ 20 million.
M-Kopa Solar, a Kenyan startup that distributes electrical energy on demand, has the third highest amount, $ 10 million.
In total, 28 African startups raised more than $ 1 million in funding.