{"id":22517,"date":"2022-11-28T16:42:05","date_gmt":"2022-11-28T16:42:05","guid":{"rendered":"https:\/\/appsaf.apieproject.com\/news\/?p=22517"},"modified":"2022-11-28T16:42:07","modified_gmt":"2022-11-28T16:42:07","slug":"african-startups-are-weathering-the-funding-storm-with-acquisitions","status":"publish","type":"post","link":"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/","title":{"rendered":"African Startups Are Weathering The Funding Storm With Acquisitions"},"content":{"rendered":"<p>After two years of continuous growth in VC investment, funding announcements have hit a plateau. Startups have resorted to cutting costs to extend their runway, and acquisition deals have become necessary for survival, particularly with startups operating in the same market. The number of acquisitions between startups operating in the same market increased from 31% in Q2 to 52% in Q3 2022.<\/p>\n<p>The State of Tech in Africa Report compiled by TechCabal Insights, also found that the average seed ticket size remained stable at $2.5M in Q2 and $2.7M in Q3.<\/p>\n<p>A new narrative has emerged in Africa in recent years, embodied by the exponential growth of funding for technology startups. Investment in African startups grew 18x between 2015 and 2021 and 2x faster than global rates between 2020 and 2021. However, beyond the funding stories, there are the quieter tales of exits. By the end of H1 2022, African-focused private capital investors had already made 22 full exits, representing about a 29% increase compared to the 15 exits made in H1 2021.<\/p>\n<p>Commenting on the findings of the report, Olanrewaju Odunowo, Head of TechCabal Insights, said: \u201cWhen it comes to Africa\u2019s evolving tech ecosystem, appropriate context and nuances must be taken into account. Data without context is imbalanced and misleading and can lead to the wrong outcomes. Beyond crunching the numbers, we have gathered robust insights drawn from primary interviews with leading industry experts. Our aim with this report is to present easy-to-digest insights and data points that anyone \u2013 from founders to investors \u2013 will \ufb01nd valuable. \u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report from Africa\u2019s foremost digital economy consultancy, TechCabal Insights, has revealed that acquisitions have become more frequent in Africa\u2019s tech ecosystem, showing signs of a maturing market. According to the report, 2021 saw 32 acquisition deals on the continent. At the end of Q3 2022, there were about 43 acquisition deals, signalling a consolidation trend.<\/p>\n","protected":false},"author":12963,"featured_media":22514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,21],"tags":[7,26,22],"class_list":{"0":"post-22517","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-technology","9":"tag-apie-project","10":"tag-news","11":"tag-technology"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>African Startups Are Weathering The Funding Storm With Acquisitions - APIE NEWS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Startups Are Weathering The Funding Storm With Acquisitions - APIE NEWS\" \/>\n<meta property=\"og:description\" content=\"A new report from Africa\u2019s foremost digital economy consultancy, TechCabal Insights, has revealed that acquisitions have become more frequent in Africa\u2019s tech ecosystem, showing signs of a maturing market. According to the report, 2021 saw 32 acquisition deals on the continent. At the end of Q3 2022, there were about 43 acquisition deals, signalling a consolidation trend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/\" \/>\n<meta property=\"og:site_name\" content=\"APIE NEWS\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/apieproject\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-28T16:42:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-28T16:42:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/appsaf.apieproject.com\/news\/wp-content\/uploads\/sites\/29\/2022\/11\/TechCabal-838cb7aa32d10a3ad8f7102c6f2df779.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"439\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@apieproject\" \/>\n<meta name=\"twitter:site\" content=\"@apieproject\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/\"},\"author\":{\"name\":\"staff\",\"@id\":\"https:\/\/appsaf.apieproject.com\/news\/#\/schema\/person\/399517cac378948cd7b39086f9ddc2a7\"},\"headline\":\"African Startups Are Weathering The Funding Storm With Acquisitions\",\"datePublished\":\"2022-11-28T16:42:05+00:00\",\"dateModified\":\"2022-11-28T16:42:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/\"},\"wordCount\":255,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/appsaf.apieproject.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/appsaf.apieproject.com\/news\/wp-content\/uploads\/sites\/29\/2022\/11\/TechCabal-838cb7aa32d10a3ad8f7102c6f2df779.jpeg\",\"keywords\":[\"apie project\",\"news\",\"technology\"],\"articleSection\":[\"News\",\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/\",\"url\":\"https:\/\/appsaf.apieproject.com\/news\/2022\/11\/28\/african-startups-are-weathering-the-funding-storm-with-acquisitions\/\",\"name\":\"African Startups Are Weathering The Funding Storm With Acquisitions - 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