African Tech Startup Funding Rises 51% to $195M in 2017

<p style&equals;"text-align&colon; justify&semi;">Africa’s tech revolution is picking up speed with 2017 proving to be the best year on record for the continent’s tech startups&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Investment into startups in Africa exceeded &dollar;195 million in 2017&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">According to African tech startups website Disrupt Africa&comma; the number of startups in Africa to raise funding hit 159 in 2017&comma; up from 146 companies the prior year&period; In 2015&comma; the number of startups in Africa to raise funding was 125&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The increasing numbers of African startups securing funding demonstrate that investor confidence in and willingness to back African tech ventures is clearly growing&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">African startups raised a record high total amount of &dollar;195&comma;060&comma;845 in 2017&comma; a 51&percnt; rise from the previous year&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Read more&colon; <a href&equals;"https&colon;&sol;&sol;www&period;forbes&period;com&sol;sites&sol;mfonobongnsehe&sol;2018&sol;01&sol;18&sol;african-tech-startups-raise-195-million&sol;&num;200d45763f86" target&equals;"&lowbar;blank" rel&equals;"noopener">African Tech Startups Raise &dollar;195 Million<&sol;a><&sol;p>&NewLine;<p>Source&colon; <a href&equals;"http&colon;&sol;&sol;www&period;africanbusinesscentral&period;com">African Business Central<&sol;a><&sol;p>&NewLine;<div id&equals;"shr&lowbar;canvas3" class&equals;"shareaholic-canvas shareaholic-ui shareaholic-resolved-canvas ng-scope" style&equals;"text-align&colon; justify&semi;" data-app-id&equals;"14162912" data-app&equals;"share&lowbar;buttons" data-title&equals;"African tech startup funding rises 51&percnt; to &dollar;195M in 2017" data-link&equals;"http&colon;&sol;&sol;www&period;africanbusinesscentral&period;com&sol;2018&sol;01&sol;24&sol;african-tech-startup-funding-rises-51-to-195m-in-2017&sol;" data-summary&equals;"Africa’s tech revolution is picking up speed&comma; with 2017 proving the best year on record for the continent’s tech startups as investment topped US&dollar;195 million over the course of the year&period;">&NewLine;<div class&equals;"ng-scope share&lowbar;buttons" translate&equals;"no">&NewLine;<div class&equals;"shareaholic-share-buttons-container shareaholic-ui no-print flat badge-counter">&NewLine;<div class&equals;"shareaholic-share-buttons-wrapper shareaholic-ui">&NewLine;<div class&equals;"shareaholic-share-buttons-animation-wrapper">&NewLine;<div class&equals;"shareaholic-share-buttons-heading custom">&NewLine;<div>&NewLine;<div>&NewLine;<div class&equals;"ng-binding ng-scope"><&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;