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1 in every 3 dollars invested into startups in Africa in 2023 went into climate tech

1 in every 3 dollars invested into startups in Africa in 2023 went into climate tech

CLIMATE tech startups bucked the trend in Africa's venture capital space, actively notching up an impressive $1 billion amidst a broader funding fall-off in 2023. Data tracker, Africa: The Big Deal notes that around 1 in 3 dollars invested into startups on the continent in the forecast period went to climate tech startups. The strength of the sector according to the Deal, illustrates "both the potential of ‘green’ investments in Africa and the increased focus of investors in this space." "While energy and water start-ups took the lion’s share, agtech dominates the early-stage pipeline, also pointing to the need for…
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