African startups raise $420 million in July 2024, cross $1 billion year-to-date

Tech startups across Africa secured a total of $420 million in funding in July and that came as the highest monthly record so far this year.

This is according to the funding report released by research firm, ‘Africa: The Big Deal’, which tracks fundraising across the continent.

With the July record, African startups have also crossed the $1 billion mark, indicating a remarkable improvement amid funding winter.

Read more at Nairametrics

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