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HomeNewsAfricaOne hundred African start-ups have already raised their first million

One hundred African start-ups have already raised their first million

African start-ups continue to break records. In the course of September, 100 of the continent’s start-ups reached the milestone of raising their first million dollars in funding, according to data compiled by the specialist newsletter Africa: The Big Deal.

This symbolic figure was reached even before the end of the summer, while for the whole of 2021, the number of start-ups that raised more than $1 million stood at 112. If the trend continues, the number of African start-ups reaching this target could rise to 150 by the end of the year.

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