African tech startups raised over $1.2bn in funding in 2018 – Partech report

A report by French venture capital (VC) firm Partech Africa has found that 146 African tech startups raised $1.163-billion in equity funding last year over 164 rounds, marking what it said is a 108% year-on-year growth in funding raised by tech startups on the continent.

The report — which was published last Friday (22 March) by Partech Africa Fund general partners Cyril Collon and Tidjane Dème — covers equity deals and funding rounds valued at between $200 000 and $100-million.

In a statement on its website, Partech said the report (opens as a PDF) tracks both disclosed and undisclosed equity deals involving […]

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