Record investment in Africa-founded firms, and more indigenous, start-up talent:   

-- African-led startups received a record $2.2 billion in 2022 (2019: $342 million);   

-- African-led startups with founders educated only in Africa raised $586 million – also a record;

-- But, startups with founders educated fully/partially abroad still dominate – $1.6 billion (73 per cent share).

Women’s involvement is almost on the rise: investments in female-led startups up 133 per cent on 2019 – but share of overall capital is unchanged:   

-- Startups with at least one female founder raised $365 million;

-- Investment in female startups is up most dramatically at seed/early-stage, but all-male teams dominate later rounds; and  

-- All-female founding teams only attracted 1 per cent of the total 2022 deal value.

VC investment in Africa grew to 44 per cent of total private capital deal value: 

-- Healthtech, e-commerce and Cleantech grew their respective shares; and 

-- Fintech still dominates deal flow: over $4 billion invested.