Startup Investments Vary Widely Across Africa, VC4Africa shows

AfricaResearch by startup funding platform VC4Africa indicates African countries have very different startup scenes, with investments varying widely across the continent. The research shows South Africa has the largest startup investments, Nigeria has most startup investments, and Kenya the largest total startup investments. On Wednesday, March 18, VC4Africa co-founder Ben White will share these and other insights at the 2015 Global Entrepreneurship Congress in Milan, the world’s premier annual gathering of startup champions, with attendees from over 150 countries.

VC4Africa (Venture Capital for Africa) aims to be the world’s leading online platform for entrepreneurs and investors in Africa. The VC4Africa community has over 20,000 members in 159 countries, including 600 investors. Two thousand entrepreneurs in Africa present their companies on the platform: early stage ventures that require investments less than USD 1 million.

Because there is little information available on this emerging segment, VC4Africa has recently for the second time taken the initiative to survey its community of entrepreneurs and investors. This led to VC4Africa’s 2015 Venture Finance in Africa report, tracking progress across Africa’s startup funding scenes. The community’s data sets do not represent the total African investment space, but the research certainly indicates key trends.

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