1 month ago
Quartz
Dear Quartz Africa readers,Disrupt Africa released its annual African Tech Startups Funding report showing that for the first time ever tech funding on the continent has passed the $3 billion mark. AdvertisementThe report cautions that measuring this kind of funding is not an exact science, as the definition of “African startup” itself remains controversial. “In the clearest scenario, an African startup would be headquartered in Africa, founded by an African, and have Africa as its primary market. But tracking this one particular source of startup funding data over time shows the impressive growth of the African startup sector. African startup funding overall makes up just a tiny fraction of global startup funding, but Disrupt Africa’s figures show that, despite a global downturn in investments, Africa has held its own.
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