Baobab Briefing: Southern Africa Funding Report Q1 and Q2 2020

Published 3 July 2020
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Technology companies in Southern Africa secured a total of $112.178 million USD during 2019, and already 2020 has already seen $230.972 million USD raised to date.

2019 and 2020 have seen large raises across a number of sectors such as those closed by TymeBank, Zulzi, Jumo and Whereismytransport, we also observed much of the investment activity was secured by companies based in South Africa. In spite of economic uncertainty and continued recession, start-up founders are making significant progress across a variety of sectors including FinTech, HealthTech and EdTech.

In this report we take a closer look at some of the investment trends and companies across the Southern Africa region.

This report was first published in July 2020.