Faster deals, less diligence: The African startup market mirrors its larger rivals

Faster deals, less diligence: The African startup market mirrors its larger rivals

2 years ago
Anonymous $FNmJglWnLu

https://techcrunch.com/2021/11/12/faster-deals-less-diligence-the-african-startup-market-mirrors-its-larger-rivals/

The global venture capital market is increasingly active, but few locales are seeing the sort of investment acceleration that African startups are enjoying this year.

New data indicates that African startups have already outraised all known prior years, meaning 2021 is sure to be a record. But, more importantly, the pace at which African startups are raising money in 2021 is accelerating, with September data indicating that it was perhaps the best month ever.