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Africa’s women founders see a 7-fold funding increase in three years. There’s more to come.

Africa’s women founders see a 7-fold funding increase in three years. There’s more to come.

CONRAD ONYANGO, BIRD STORY AGENCY INVESTMENTS made into African female-led startups have grown by nearly seven-fold over the last three years, highlighting their potential to haul in investment, the latest analysis shows. However, the volumes and values are still far lower than what male founders have raised in the continent’s buzzing startup ecosystem. Their latest analysis of deals, Africa: The Big Deal, shows female techpreneurs have significantly raised the share of growth funds they attract--from 52 million dollars in 2019 to 288 million dollars by the close of 2021. The share of investments going to female-owned tech start-ups stood at…
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