2022 H1 African Venture Capital Activity Report
Africa’s innovation ecosystem has seen a highly eventful start to the year. Riding high from a record breaking 2021 on multiple fronts, gloomy predictions ringing from every corner only a few months into 2022 of a global macroeconomic downturn featuring protracted periods of feeble growth and elevated inflation have raised questions of whether the industry is running on borrowed time, and if its inflection point is imminent.
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2022 H1 African Venture Capital Activity ReportKey Findings:
2022 H1
- US$0.6 billion raised by 156 unique companies
- US$5.8 million average deal size
- 0 super-sized deals
- 73 unique companies backed by at least one impact investor
- 24% of the investee companies were start-ups with a female founder or multiple founders, including at least one female
- Consumer Discretionary was the mostactive sector by both VC deal volume (22%) and value (25%)
2022 H1
- US$1.5 billion raised by 249 unique companies
- US$6.7 million average deal size
- 4 super-sized deals
- 93 unique companies backed by at least one impact investor
- 25% of the investee companies were start-ups with a female founder or multiple founders, including at least one female
- Financials was the most active sector by VC deal volume (24%), while the Industrials sector led by VC deal value (28%)
2022 H1
- US$3.5 billion raised by 300 unique companies
- US$11 million average deal size
- 9 super-sized deals
- 104 unique companies backed by at least one impact investor
- 27% of the investee companies were start-ups with a female founder or multiple founders, including at least one female
- Financials was the most active sector by both VC deal volume (32%) and value (44%)
