Top 13 investors in Sub-Saharan Africa that took part in the most Seed funding rounds in Software industry over the recent years

Top 13 investors in Sub-Saharan Africa that took part in the most Seed funding rounds in Software industry over the recent years

Intro

The top 13 investors according to the total amount of funding rounds. These are VC funds and corporate investors in Sub-Saharan Africa that have invested in Seed stage over the last 5 years. They are actively investing in Software industry.
Software develops, maintains, and publishes software used by people and companies. It includes internet and consumer software, operating systems, and desktop apps, as well as gamification, automation, and SaaS.

Amount of Seed funding rounds is 20, which is 33.9% of the total amount of rounds in the Software industry in Sub-Saharan Africa over the last 5 years.

Top 13 investors in Sub-Saharan Africa that took part in the most Seed funding rounds in Software industry over the recent years
data provided by Unicorn Nest

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Key takeaways

  • Funds Geography – The most common country among the top VCs is South Africa which hosts 5 funds. There are also funds from Nigeria and Mauritius. The most common city is Lagos which is home to 3 funds. There are also funds from Port Louis, NA – South Africa and Johannesburg. VCs in the sample usually invest in The United States and Nigeria. They also invest in South Africa and India. For 5 funds in the sample, the country of the funds’ establishment and the country of their most frequent investments coincide.
  • Industry Focus – The funds’ most common field for investments is Finance. They also invest in Banking, Gamification and Enterprise Software.
  • Important Years – The oldest fund in the sample was founded in 1974 and the newest one in 2018. In 2018 the most amount of funds were founded. VCs in the sample made the most deals in the period from 2010 to 2020. For some funds, 2018 was the year with the most amount of deals.
  • Investments – Usually VCs take part in 2 funding rounds per year, sometimes in 2 – 6. The minimum number of funding rounds for VCs in the sample is 1, the maximum is 134. Average number of funding rounds is 29.4 while median is 15.0. The most common amount of funding rounds for VCs in the sample is 1. Minimum amount of lead investments for funds is 0 and maximum is 36. Average amount of lead investments is 6.8 while median is 2.0. The most common amount of lead investments is 0. Index of difference in percentage points of lead investments from the average is between -71.0 and 29.0 for funds in the sample. The average value for this difference is -5.61 and the median is -4.33. It means that these funds act as lead investors less often than other funds. The most common value is 29.0.
  • Typical Rounds – Funds participate in rounds with 2 – 3 or 1 – 2 investors The most common round size for VCs in the sample is less than 100 thousands. Less common range is 100 thousands – 1 million. A Funds’ average multiplicator for portfolio companies at the last known valuation is close to zero at minimum and 1.14 at maximum. Average value for this multiplicator is 0.33 and median is 0.16. The most common multiplicator value is close to zero.
Seed Software Sub-Saharan Africa
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