Africa: The Big Deal • 648 implied HN points • 10 Jan 24
- In 2023, there were fewer investors in African startups, but there was no mass exodus.
- 47% of investors who put money into deals in 2023 hadn't done so in 2021 or 2022.
- In 2023, 71% of investors were only involved in one $100k+ deal, with a few very active investors doing 12 or more deals.