Innovative ventures yield high social and environmental impact and are a key driver for Africa’s development. Opportunity driven entrepreneurs are generating much of Africa’s employment, income and hope for a better future. But how are these companies progressing over time? VC4Africa aims to answer this question in its annual ‘Venture Finance in Africa’ report.
The total invested capital more than doubled compared to last year's data: from almost USD 27 million to USD 73 million, secured by 224 ventures who took part in the survey which comprises 48% of total. And the average amount invested per venture also increased from USD 200K last year to USD 326K.