1、Venture Capital in Africa ReportMARCH 20252024 VENTURE CAPITAL IN AFRICA:KEY FACTS 3EXECUTIVE SUMMARY 4GLOBAL TRENDS 71.1 International Breakdown of Venture Capital in 2024 71.2 Global Changes to Venture Capital Volume&Value 81.3 Regional Comparison of Global Venture Capital 101.4 Africa in the Glob

2、al Context 11DEAL ACTIVITY 132.1 Volume of Venture Deals in Africa 132.2 Value of Venture Deals in Africa 14INVESTMENT STAGE FOCUS 163.1 Venture Capital Deal Activity by Stage 163.2 Venture Deal Activity by Ticket Size 183.3 Inter-Stage Fundraising Timelines 20SUPER SIZED DEALS 22GEOGRAPHIC FOCUS 24

3、5.1 Venture Deal Activity by Region 245.2 Venture Capital Deal Activity by Country 29SECTOR FOCUS 316.1 Venture Capital Deal Activity by Sector 316.2 Technology Penetration in African Venture Capital 326.3 Venture Debt Deal Activity By Sector 35IMPACT&DIVERSITY FOCUS 367.1 Impact Focus 367.2 Diversi

4、ty Focus 38INVESTOR PROFILE 408.1 Investor Profile by Type 418.2 Investor Profile by Location 43VENTURE CAPITAL EXITS 479.1 Landscape of Venture Capital Exits in Africa 479.2 Venture Capital Exits by Exit Route 489.3 Holding Periods 499.4 Venture Capital Exits by Region 50VENTURE CAPITAL FUNDRAISING

5、 5210.1 A Decade of Venture Capital Fundraising 5210.2 Fund Manager Experience 54RESEARCH METHODOLOGY 55NewNew2VENTURE CAPITAL IN AFRICA REPORT 2025 AVCA|March 2025|www.avca-africa.orgTable of ContentsUS$3.6bnacross 487 deals,including US$1.0 billion of venture debtMARKET SIZEStartups raising their

6、first round of financing accounted for 34%of deal volume34%FIRST TIME FUNDING8 super-sized deals with a cumulative US$1.3 billion raisedSUPER-SIZED DEALSUS$2.5mnUS$2.5 million median venture capital deal sizeUS$7.5 million median venture debt deal sizeDEAL SIZE24%of funding recipients were startups