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Africa

Continent / region · #43 region by EV

A public taster of the full Africa ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

2,482 Pool of Funded Startups

New Startups

1,589 Annual Startups FoundedAll new ventures

416 Annual Startups FundedReceived investment

get funded 26%

2,216Startups

1,310 Pre-Seed Startups$100K–1M

559 Seed Startups$1–4M

Pre-Seed to Seed 23%

347 Series A Startups$4–15M

Seed to Series A 15%

221Breakouts

148 Series B Breakouts$15–40M

A to Series B 29%

73 Series C Breakouts$40–100M

B to Series C 26%

45Scaleups

29 Mega Scaleups$100–250M

reach Mega 1.2%

16 Mega+ Scaleups$250M+

reach Mega+ 0.64%

14Valuation Outcomes

13 Unicorns($1–10B valuation)

reach Unicorn 0.52%

1 Decacorns($10–100B valuation)

reach Decacorn 0.040%

Pre-Seed

1,310

Seed

559

Series A

347

Series B

148

Series C

Unicorn

Decacorn

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Largest rounds

Largest funding rounds in Africa

A live treemap of the largest VC rounds. Each cell is one round into Africa-headquartered companies, grouped by Dealroom sector.

Largest rounds in Africa - 2026

Every $15M+ VC round into Africa-headquartered companies in 2026, grouped by Dealroom sector.

- rounds · - raised

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VC investment

How much venture capital flows into Africa

VC investment into Africa-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Country leaders

Which Africa countries raise the most — and grow the fastest

VC investment by country across Africa. Pick a year (the current year is year-to-date) and switch between the biggest markets and the fastest-growing ones.

Academia

Africa's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Africa.

University-linked startup formation

155

University spinouts

1,792

Total alumni-founded companies

1,335

Of which startups (<$15M raised)

344

Breakouts ($15M-100M)

113

Scaleups ($100M+)

Location comparison

How Africa stacks up

Compare Africa with peers from other continents / multi-country regions — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

Nordics

$574B

South America

$503B

Oceania

$340B

Central Eastern Europe

$191B

MENA

$133B

Africa

$72.3B

Combined enterprise value of each ecosystem.

Top regions globally ranked by combined EV. Africa's row is highlighted (#12).

#	Ecosystem	Combined EV	EV growth	Unicorns	VC invested	Tracked startups
1	World	$43.6T	5.4×	4,033	$450B	294.4K
2	North America	$31.1T	6.2×	2,419	$290B	123K
3	Asia	$8.8T	3.9×	990	$89.5B	76.2K
4	EMEA	$4.5T	4.7×	906	$87.4B	92.4K
5	Europe	$3.7T	4.4×	730	$71.6B	77.7K
6	European Union	$2.2T	4.4×	434	$37.8B	49.7K
7	Nordics	$574B	5.1×	108	$8.2B	8,454
8	South America	$503B	11.1×	71	$4.8B	8,874
9	Oceania	$340B	9.7×	55	$5.4B	5,800
10	Central Eastern Europe	$191B	5.2×	61	$2.3B	7,283
11	MENA	$133B	12.7×	34	$5.9B	4,598
12	Africa	$72.3B	10.5×	14	$1.7B	4,641

More data

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Country South Africa Africa · Pop. 64M · #42 startup ecosystem by EV Country Nigeria Africa · Pop. 232.7M · #45 startup ecosystem by EV Country Egypt Africa · Pop. 116.5M Country Kenya Africa · Pop. 56.4M

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