What's Hot

    Kenyan VC firm Factor[e] Ventures launches venture studio

    March 28, 2023

    Tibu Health closes oversubscribed pre-Series A round

    March 27, 2023

    South Africa’s Fin acquires Thuthukani

    March 24, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023

      Hyosung Heavy Industries to start construction on South African energy storage project

      December 12, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Free trade: Qatar and Morocco conclude second round of talks

      January 31, 2023

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      South Africa’s Fin acquires Thuthukani

      Banking Business Finance March 24, 2023
      Recent

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 2023

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Startups

    Venture capital: Africa’s big six

    February 21, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    venture capital
    Africa's leading VC firms largely focused on the Big Four in 2021 and 2022.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Venture capital firms across Africa are changing the tech and business landscape, here are the top six.

    Venture capital firms are key players in the African tech and startup scene. According to Africa: The Big Deal, a VC that maintains a database of deals, nearly 1,500 investors have been involved in deals across the continent over the last two years (2021-2022).

    According to the company’s data, here are Africa’s six most active venture capital firms that have made at least one USD 100,000 deal per month in 2021 and 2022:

    Launch Africa

    Launch Africa is the most active venture capital firm in Africa, taking part in the highest number of deals in both 2021 and 2022. The firm has the widest geographic spread, and makes more than one deal a week. According to the data, the company has been involved in 12% of all equity deals valued between USD 100,000 and USD 10 million in Africa during the period.

    Flat6Labs

    Egyptian firm Flat6Labs is the second most active VC. The company has focused on North Africa in the past.

    Y Combinator 

    Global accelerator and investor Y Combinator continued to grow its presence in Africa during 2021 and 2022. Two-thirds of its investments took place in Nigeria.

    LoftyInc

    According to the data, LoftyInc made, on average, more than three investments worth over USD 100,000 per month during the period, nearly half of which were in Nigeria.

    Techstars and Future Africa

    Accelerator and investor Techstars and Future Africa both focused on Nigeria, with approximately half of their USD 100,000 deals taking place in the country.

    Notable names

    According to Africa: The Big Deal, eight other firms placed at least one USD 100,000 deal per month in 2021 and 2022: Verod-Kepple Africa Ventures, Founders Factory, Norrsken, Plug and Play, Ventures Platform, Musha Ventures, 4DX Ventures and 500 Global.

    Geographic spread

    Apart from Flat6Labs, all of the listed investors have placed deals in at least three of Africa’s five regions. Launch Africa, YC, LoftyInc and Plug and Play have invested in all five regions. Central Africa received the least attention, with only five investors on the list involved in deals. Only 25% of deals occurred outside of the “Big Four” in 2021-2022. Norrsken invested the most in ‘the rest of Africa’, with 45% of its deals outside of the “Big Four”.

    These findings are in line with previous reporting, which found that the “Big Four” accounted for 75% of Africa’s startup funding. Fintech continues to dominate the African startup scene, though other sectors are growing fast.

    Startups Venture Capital
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleCOREangels launches COREangels MEA
    Next Article Foodics partners with SEA Ventures

    Related Posts

    Business Startups

    Kenyan VC firm Factor[e] Ventures launches venture studio

    March 28, 2023
    Business Startups

    Tibu Health closes oversubscribed pre-Series A round

    March 27, 2023
    Banking Business Finance

    South Africa’s Fin acquires Thuthukani

    March 24, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Kenyan VC firm Factor[e] Ventures launches venture studio

    March 28, 2023

    Tibu Health closes oversubscribed pre-Series A round

    March 27, 2023

    South Africa’s Fin acquires Thuthukani

    March 24, 2023

    Verod-Kepple Africa Ventures’ pan-African venture fund raises USD 43 million

    March 23, 2023

    Dream VC launches professional VC talent accelerator programs

    March 22, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.