African tech startups had the “best year yet” in investments in 2019, as 311 companies received $491.6 million in funding, according to the African Tech Startups Funding Report 2019.
Disrupt | Africa Report
Total funding grew 47% over 2018’s figures, while the number of startups grew by more than 50%, according to the annual report by news and research portal Disrupt Africa.
Now in its fifth year, the disrupt-Africa report found that 2019 was “a record year for funding,” as the number of investors increased by 61% to 261.
