Did African Startups Raise $1.1B, $2.2B, or $3.2B in 2024? Why Nobody Knows (And Why That’s a Problem)
- Disrupt Africa reported $1.12 billion raised by 200 startups.
- Africa: The Big Deal estimated $2.2 billion raised by 188 startups.
- Daba Finance provided a preliminary estimate of $2.0 billion through November.
The discrepancies in funding data for African startups underscore the urgent need for standardized reporting practices. Without a unified approach to data collection and transparency, stakeholders may make misguided decisions based on inaccurate perceptions of the market, potentially stifling growth and investment in the ecosystem.
