In 2020, the African country where the highest number of venture capital (VC) equity funding deals were completed was Egypt. A total of approximately 86 VC equity deals were completed by startups in Egypt, followed by the 72 equity deals completed by startups in South Africa. The third place ranking is completed by Nigeria, wherein tech and digital startups closed a total of 71 VC equity deals. Conversely, startups in Nigeria received the highest value of equity funding in Africa in 2020, which amounted to approximately 307 million U.S. dollars.
Number of venture capital equity deals closed by digital and tech startups in selected African countries in 2020
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Number of VC equity deals
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Partech. (January 29, 2021). Number of venture capital equity deals closed by digital and tech startups in selected African countries in 2020 [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1237379/number-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech. "Number of venture capital equity deals closed by digital and tech startups in selected African countries in 2020." Chart. January 29, 2021. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1237379/number-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech. (2021). Number of venture capital equity deals closed by digital and tech startups in selected African countries in 2020. Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1237379/number-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech. "Number of Venture Capital Equity Deals Closed by Digital and Tech Startups in Selected African Countries in 2020." Statista, Statista Inc., 29 Jan 2021, https://www.statista.com/statistics/1237379/number-of-venture-capital-equity-deals-tech-startups-africa-by-country/
Partech, Number of venture capital equity deals closed by digital and tech startups in selected African countries in 2020 Statista, https://www.statista.com/statistics/1237379/number-of-venture-capital-equity-deals-tech-startups-africa-by-country/ (last visited June 18, 2024)
Number of venture capital equity deals closed by digital and tech startups in selected African countries in 2020 [Graph], Partech, January 29, 2021. [Online]. Available: https://www.statista.com/statistics/1237379/number-of-venture-capital-equity-deals-tech-startups-africa-by-country/