Angel investing is on the rise in Africa

African early-stage investing has been growing tremendously in the last five years. Of the 22 Africa-based venture capital funds, 41% were launched after 2016.* African start-ups raised more than $725 million in 2018 alone across 458 deals from early stage investors**. Recent initial public offerings like the one by Nigeria-based e-commerce company Jumia, catalysed world interest in the African start-up ecosystem and managed to attract more capital for high-growth local businesses than few years ago.