ABAN’s 2024 Report Highlights Angel Investors’ Role in Resilient Early-Stage Funding
ABAN’s 2024 report highlights angel investors’ critical role in sustaining early-stage startup funding, driving innovation despite growth-stage challenges.
The African Business Angel Network (ABAN), the continent’s largest angel investor network, has released its 2024 Angel Investment Survey Report, highlighting the critical role of angel investors in sustaining early-stage startup funding.
While Africa’s startup ecosystem has slowed since the funding peaks of 2021 and 2022, early-stage investments remain resilient. Angel investors have played a pivotal role, bridging funding gaps and providing mentorship and business networks. Over $22 billion has been invested in African startups since 2014, with early-stage deals maintaining momentum despite challenges such as rising inflation and declining tech valuations.
The report underscores the importance of fostering angel investment to drive innovation and support Africa’s entrepreneurial growth.
