Half of Africa’s Top 10 Funded Startups as of H1-2018 are from Kenya
Investment into African tech start-ups in 2018 has already hit the highest levels with more than 100 start-ups raising in excess of $168.6 million which is more than $167.7 million raised during the full year 2018.
According to a recent report by WeeTracker, Four Kenyan Startups led the pack having raised a total of $86 million, which is more than half the amount raised by all the startups.
Over the six month period (January -June 2018), a chunk of the funding went to Fintech startups which amounted to $95 million.
Nigeria remained the top investment destination in terms of deals completed (29) while Kenya followed closely. However, Kenya accounted for the most funding raised – three times the total of funding received by Nigerian startups.
Here is a List of the 10 startups
Cellulant recently raised $47.5 million in what is reported as being the largest deal including a fintech company that operates in Africa. Investors included Global PE Firm TPG Capital and investment firms; Endeavour Catalyst and Satya Capital.