Startup investment in Africa jumped to record levels in 2018 as later stage rounds rose

There was an almost four-fold increase in total startup funding received for African startups in 2018. The number of funding deals more than doubled and startups on the continent are increasingly being recipient of big ticket rounds of over $5 million. In total, African startups raised a record $725.6 million across 458 deals, the 2018 venture investment report by WeeTracker shows.

The larger size of individual funding rounds is illustrated in the top ten deals which jointly accrue to $457...

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