Momentum for the African Angel?

Tomi Davies (TD)
6 min readJun 22, 2019

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According to Quartz, African startups raised a record $725.6 million across 458 deals in 2018. While the exact proportion that came from Angel investors is unclear, it’s still particularly impressive considering early stage investment is relatively new on the continent and as our research with the World Bank last year found, 70% of African early stage investors have been funding startups for less than 5 years.

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Tomi Davies (TD)

Speaker, Author, Advisor, Angel and Advocate of Technology-led Innovation and Entrepreneurship in Africa