VC4Africa Releases Its Annual Venture Finance In Africa Report


The 2016 Venture Finance in Africa research has been released by VC4Africa and it shows that growing investor interest in African startups is resulting in tangible investments. Data from the 2016 research shows that the total invested capital more than doubled from almost $27 million to almost $73  million, secured by 224 ventures who took part in the survey. The average amount invested per venture also increased from $200,000 to $326, 000. The data from the report showed that in terms of the number of ventures, ICT was leading with…

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