Norrsken22 Plans To Invest In 20 African Tech Companies By 2025
- Norrsken22 has invested in six companies and has three other investments in the pipeline.
- The fund plans to increase the number of investments to as many as 20 companies by the end of 2025.
- Investments in Africa fell by 31% in 2023 to $4.5 billion from a year earlier.
The attractiveness of African startups for international investors is a positive sign for the continent's tech ecosystem. The increase in investments by Norrsken22 and the focus on digital payments and neobanks show promising opportunities for growth. However, the decline in investments in 2023 highlights the need for continued efforts to attract more funding.
