The State of Tech in Africa (A Q2 2022 Report)

In our Q1 2022 report, we reported Africa’s impressive fundraise of over $1.5 billion in venture capital funding, representing about 100% increase from the $730 million raised in Q1 2021. By the end of H2 2022, African startups had raised over $2.7 billion in VC funding, which is slightly higher than 50% of the $5.2 billion total funding raised in 2021. So while the world was biting hard from the crash, Africa kept welcoming capital. But just how long will this go on?

The report covers key insights on Africa’s fundraising parade, as well as major acquisitions, expansions, and all of the exciting products launched in the Q2 2022.

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