ABAN 2023 ANGEL INVESTMENT SURVEY REPORT
Digital and technology-driven startups across Africa cumulatively raised over $2.7b across 618 deals in September
2023 according to Briter Intelligence data. Despite a global slowdown in venture capital funding since its peak in 2021,
including in Africa, investors remain bullish on high-growth African startups. The sustained interest and traction are a
testament to the advancing innovation and entrepreneurial ecosystem. Yet, access to capital remains challenging for
many startups.