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More than 600 tech companies with the majority of their operations and users in Africa raised $5.2 billion from venture capitalists in 2021.
After YC announced a new standard deal two weeks ago, investors in Africa seem to be optimistic about their willingness to back founders long term.
In 2021, nine African startups each raised at least $100 million in different rounds to herald a new regime of ‘mega-round’ startup funding in Africa.
