{"id":9443,"date":"2022-01-24T10:12:49","date_gmt":"2022-01-24T10:12:49","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021"},"modified":"2022-01-24T10:40:39","modified_gmt":"2022-01-24T10:40:39","slug":"africa-despite-covid-19-startups-raised-4bn-in-2021","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021","title":{"rendered":"Africa: Despite Covid-19, startups raised $4bn in 2021"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>According to Wee Tracker, Africa is now home to seven unicorns: Jumia, Interswitch, Flutterwave, Andela, Wave, OPay and Chipper Cash. Five of these became unicorns this year \u2013 including two in September alone \u2013 indicating levels of interest in Africa\u2019s startup market not seen before.<\/p>\n

Startups in Nigeria, South Africa, Egypt and Kenya \u2013 considered the continent\u2019s big four \u2013 gobbled up the lion\u2019s share of the over $4bn raised through 2021.<\/p>\n

In November 2021 alone, African startups raised $605m, which is nearly half the total amount of funds raised by Africa\u2019s startups in all of 2020 \u2013 around $1.3bn according to data-driven research firm, Briter Bridges.<\/p>\n

According to Briter Bridges, while financial technology companies retain the lion\u2019s share of total funding, cleantech is increasingly attracting capital from local and international investors, including a growing number of corporates interested in fast-tracking their transition to renewable energy.<\/p>\n

\u201cHealthcare, data and IT infrastructure, and agriculture follow as more private companies reach maturity, but ticket sizes remain contained compared to those across fintech and cleantech,\u201d the firm said.<\/p>\n

According to Connecting Africa, Nigeria, South Africa, Egypt and Kenya accounted for 80% of the total raised on the continent up until the end of November, with 35% of capital raised in Nigeria alone.<\/p>\n

Nigerian startups hauled in $1.37bn in 2021, South Africa attracted $838m, Egypt \u2013 $588m, and Kenya raised $375m. Startups in Africa\u2019s most populous nation landed over 200 deals for the year, while the remaining three countries counted over 100 deals each.<\/p>\n

Outside the big four, other proactive markets were Senegal and Tanzania whose startups raised $222m and $96m respectively, according to Connecting Africa. One of the biggest success stories was Chipper Cash, which raised a total of $250m this year.<\/p>\n

The authors, Max Cuvellier and Maxime Bayen decided not to pin the raise to Ghana, saying the startup\u2019s Ghanaian and Ugandan co-founders and its African HQs split between Ghana and Kenya \u201cmake it quite pan-African,\u201d the Connecting Africa report said, quoting from Big Deal Africa.<\/p>\n

\u201cWithout Chipper Cash, Ghana raised $48m in 2021; Algeria \u2013 $30m; Morocco \u2013 $29m; Tunisia \u2013 $23m; Uganda \u2013 $18m; Rwanda \u2013 $16m; the DRC \u2013 $12m and Cameroon \u2013 $11m.\u201d<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. According to Wee Tracker, Africa is now home to seven unicorns: Jumia, Interswitch, Flutterwave, Andela, Wave, OPay and Chipper Cash. Five of these became unicorns this year \u2013 including two in September alone \u2013 indicating levels of interest in Africa\u2019s startup market not seen before. Startups in Nigeria, South Africa, Egypt and […]<\/p>\n","protected":false},"author":84,"featured_media":9442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[242,233,245,252,241],"class_list":["post-9443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa","tag-africa-press","tag-africa-press-mauritius","tag-covid-19","tag-mauritius"],"yoast_head":"\nAfrica: Despite Covid-19, startups raised $4bn in 2021 - Mauritius<\/title>\n<meta name=\"description\" content=\"According to Wee Tracker, Africa is now home to seven unicorns: Jumia, Interswitch, Flutterwave, Andela, Wave, OPay and ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa: Despite Covid-19, startups raised $4bn in 2021\" \/>\n<meta property=\"og:description\" content=\"According to Wee Tracker, Africa is now home to seven unicorns: Jumia, Interswitch, Flutterwave, Andela, Wave, OPay and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-24T10:12:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-24T10:40:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/01\/img-61ee820a158b8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"732\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa: Despite Covid-19, startups raised $4bn in 2021\",\"datePublished\":\"2022-01-24T10:12:49+00:00\",\"dateModified\":\"2022-01-24T10:40:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021\"},\"wordCount\":369,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2022\/01\/img-61ee820a158b8.jpg\",\"keywords\":[\"Africa\",\"Africa Press\",\"Africa Press-Mauritius\",\"COVID-19\",\"Mauritius\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-despite-covid-19-startups-raised-4bn-in-2021\",\"name\":\"Africa: Despite Covid-19, startups raised $4bn in 2021 - 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