African startups raise $187 million in May 2024 – Report

Startups across Africa announced fresh capital raise totalling $187 million in May, as funding improved compared to April.

This is according to a report by ‘Africa: The Big Deal’, which monitors deals announced by startups on the continent.

In April, the firm’s data showed that African startups raised $75 million, hence, the May figure represents a 149% increase in funding for the continent’s startups.

Read more at Nairametrics

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