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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Investors in African startups are optimistic about a return to dealmaking as investment capital flows back into the sector. Despite a 22% drop in overall funding for climate tech startups between 2022 and 2023, the number of debt deals increased, with 1 in every $3 invested into startups in Africa going into climate tech in 2023.
“We’re seeing this nice plateau where capital is coming back in a much healthier ecosystem, with companies making real money with real users and a lot less of the froth of the hype cycle." Why Africa's tech investors are suddenly much more optimistic https://t.co/qeQRLcV6Ig https://t.co/KqEwEpCXqM
Investors, founders are feeling more upbeat about Africa’s tech sector https://t.co/I7oip3jnbN
"...investment capital is coming back in a much healthier ecosystem, with companies that are making real money with real users, and a lot less of the froth of the hype cycle..." New @SemaforAfrica read on the return of optimism in Africa's startup circles https://t.co/urF1OI6ruY
