Business
Report: Tech Startups in Africa raised $186 million in 2015
Friday, January 15, 2016
African tech startups raised just under US$186 million in funding over the course of 2015, with South African companies receiving in excess of US$54.5 million, making the country the most popular destination for investments over the course of the year.
Nigeria came second with startups from the West African country raising US$49.4 million, while Kenya came third, with startups from the East African country raising US$47.3 million.
This is according to the African Tech Startups Funding Report 2015, launched earlier this week by tech startup ecosystem news site Disrupt Africa, which found 125 tech startups raised funding in 2015 around the African continent, to the tune of US$185.79 million.
Read more: Forbes