January 9

12 Biggest African Tech Funding Deals In 2019

By Peter Pedroncelli

In 2019, Nigerian and Kenyan fintech and logistics firms secured major funding deals while an Egyptian startup attracted $42 million — the largest round of funding for a tech startup in Egypt to date.

South African tech firms had many smaller investment rounds that did not make this list, the largest of which was a $12 million round of funding for first responder platform RapidDeploy.

The biggest deal disclosed of 2018 was a $64.5-million funding round for South African fintech platform Jumo. In 2019, three funding rounds helped secure more than $100 million for companies founded or based in Africa.

Photo courtesy of unerbul.

Source: The Moguldom Nation (link opens in a new window)