NEW DATA SHOWS GROWING INVESTOR APPETITE IN AFRICAN EARLY STAGE STARTUPS

africaData from the newly published 2016 Venture Finance in Africa research, conducted by VC4Africa, shows that the growing international and local angel investor interest in African startups is resulting in tangible investments.
Total invested capital more than doubled compared to last year’s data: from almost USD 27 million to USD 73 million, secured by 224 ventures who took part in the survey (48% of total). The average amount invested per venture also increased from USD 200K last year to USD 326K.

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