How South Africa’s ecosystem has stayed resilient during the funding downturn.
Between Q1 2023 and Q1 2024, at least five South Africa startups managed to raise follow-on funding rounds. South Africa was the only ecosystem in sub-Saharan Africa to see an increase in average valuations in 2023.
The hits and misses of Southern Africa tech in 2023
Launch of funds to drive tech innovation in the region, including Convergence Partners Digital Infrastructure Fund, Sasol greentech startups fund, SA SME Fund, and Knife Capital's $50 million Series A fund. Startups in the region raised significant funds, including Planet42's $100 million Series A r
