At AVCA summit, investors push pragmatic approach as Africa’s exits surge
- Venture-backed exits reached record levels in 2025, even as fundraising remained tough.
- Annual venture deal volumes increased from about 30 a decade ago to over 500 in 2025.
- Total investment in African venture capital grew from roughly $400 million to about $4 billion.
The shift towards local capital and expertise in the African private capital market is a positive development, indicating a maturation of the sector. However, the reliance on mergers and acquisitions as the primary exit strategy raises concerns about the long-term sustainability of investments. It is crucial for stakeholders to adapt to the unique challenges of the African market while fostering a collaborative environment among funds.
