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Survey finds growing investor appetite for early stage start-ups

Image Credit: PriceCheck

In its recently published report on Venture Finance in Africa, VC4Africa, the venture capital portal, has found that the growing levels of interest in African startups from international and domestic investors has seen the amount of invested capital more than double in 2015 when compared to 2014.

According to the 2016 Venture Finance in Africa report, investors invested $73 million in capital in 2015, jumping up from $27 million in 2014, with the average amount invested per venture increasing from $200,000 to $326,000 over the same time period.

The technology sector topped the rankings as the sector of most interest, followed by Agriculture, Health, Finance and Energy. The data emerged from an analysis of 462 ventures in 41 African countries and 140 Africa-focused investors from 25 countries around the world.

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