January 14, 2016 IBOMLLC Team

Tech Startups In Africa Raised Over $185.7M In 2015 [Disrupt-Africa Report]

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

According to Disrupt Africa, the self-declared one-stop-shop for all news relating to tech startups across the African continent, in 2015, African tech startups raised funding exceeding $185.7 million.

These findings have been compiled in a report dubbed Disrupt Africa African Tech Startups Funding Report 2015. This report goes further to say that 125 tech startups in Africa were able to raise funding to the tune of $185,785,500 in 2015.

The most active countries in the tech space where the lion’s share of these funding seems to be going to are South Africa, Nigeria, and Kenya. Most investors appear to have favored these three African nations more than the others over the year 2015. South African tech startups received 36 percent of the total funding, with Nigeria and Kenya receiving 24 and 14.4 percent of the total funds.

The three biggest funding also went to the said three countries; South Africa’s tech startups received $54,568,000 in the year 2015 while Nigerian and Kenyan tech startups got $49,404,000 and $47,365,000 respectively.

Of the top 10 investments sectors tallied on this report, the solar energy sectors got the lion’s share …read more

Read more here:: Tech Startups In Africa Raised Over $185.7M In 2015 [Disrupt-Africa Report]

      

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