NAIROBI, Kenya, Jan 23 – Techstars has toppled Launch Africa as the most active investor in Africa, the latest data shows.
According to Africa: The Big Deal, a platform for startup deals, Techstars made 56 deals on the continent last year, above Launch Africa with 19.
This is the first time that Launch Africa has been removed from the top spot, as it occupied the first position in 2021 and 2022.
Other big investors in Africa include Founders Factory Africa, Ventures Platform, and Catalyst Fund, among others.
Most of the deals, the data showed, went to Kenyan startups in Africa followed by Egypt, South Africa and Nigeria.
In East Africa, Kenya’s share grew from 86 percent in 2022 to 91 percent in 2023, highlighting its dominance in East Africa.
