African startups raised $185.7M in 2015

According to the Disrupt Africa’s African Tech Startups Funding Report for 2015, 125 tech startups raised funding in 2015 around the African continent, to the tune of US$185,785,500.

South Africa, Nigeria, and Kenya proved investors’ favoured destinations in 2015; with 36 per cent of the startups that raised funding based in South Africa, 24 per cent in Nigeria, and Kenya in third place with 14.4 per cent of deals.

The top three highest amounts of funding also went to these three locations. South African startups raised in excess of US$54,568,000 throughout the year; Nigerian startups received over US$49,404,000; and Kenyan startups brought home over US$47,365,000.

Read more: African startups raised funding of USD 185.7m in 2015 | IT News Africa- Africa’s Technology News Leader

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