Africa
Continent / region · Pop. 1549.9M · #43 region by EV
* 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.
Quarterly report
Africa's latest quarter in venture capital
VC raised by companies in Africa in the quarter shown, against the quarter before and the same quarter a year earlier.
Latest complete quarter
Loading VC raised by companies in Africa…
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
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.
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.
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 | $43.9T | 7.2× | 4,126 | $449B | 295.4K |
| 2 | North America | $31T | 8.2× | 2,460 | $288B | 122.7K |
| 3 | Asia | $9.2T | 5.9× | 1,017 | $89.8B | 76.6K |
| 4 | EMEA | $4.6T | 5.0× | 919 | $87.5B | 93.2K |
| 5 | Europe | $3.8T | 4.8× | 743 | $71.8B | 78.4K |
| 6 | European Union | $2.3T | 4.8× | 447 | $38B | 50.1K |
| 7 | Nordics | $587B | 6.0× | 110 | $8.3B | 8,535 |
| 8 | South America | $523B | 16.0× | 72 | $4.9B | 8,959 |
| 9 | Oceania | $340B | 12.1× | 57 | $5.4B | 5,868 |
| 10 | Central Eastern Europe | $195B | 6.3× | 62 | $2.3B | 7,373 |
| 11 | MENA | $136B | 13.0× | 34 | $5.7B | 4,636 |
| 12 | Africa | $74.8B | 9.5× | 14 | $1.4B | 4,666 |
More data
Explore Dealroom data →Get the full Africa ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.