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Baobab Insights Report: An analysis of Q2, 2020 VC funding in Africa

Baobab

The 2nd quarter of 2020 saw tech companies secure USD $153.969 million from 102 deals. This was a significant drop in funding when compared to the first quarter which registered USD $306.365 million from 11 deals.

The COVID-19 pandemic has dictated the investment climate during the second quarter. An analytical view of the report’s findings shows a shift in investor areas of interest and the stage of the deal receiving funding. The education technology and healthcare sectors have recorded increased funding in the past quarter.

As global economies start opening up, a sense of normalcy in investor activity is kicking in. This new ‘normalcy’ is what is expected to carry on into the future.

You can read more on the Baobab report here.

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