Top 20 investors in Sub-Saharan Africa with the biggest sum of funding rounds over the recent years

Intro

The top 20 investors according to the total money raised in the funding rounds. These are VC funds and corporate investors in Sub-Saharan Africa that have invested over the last 4 years.

Amount of money raised in funding rounds in Sub-Saharan Africa is $105.6B, which is 2.1% of the total amount of money raised over the last 4 years.

Top 20 investors in Sub-Saharan Africa with the biggest sum of funding rounds over the recent years
data provided by Unicorn Nest

Key takeaways

• Funds Geography – The most common country among top VCs is South Africa which hosts 8 funds. There are also funds from Nigeria, Mauritius and Kenya. There is an equal amount of VCs in NA – South Africa and Lagos which host 4 funds each. There are also funds from Nairobi and Johannesburg. VCs in the sample invest in The United States, South Africa and Nigeria more often than they do in India. For 7 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, Industrial and Telecommunications.
• Important Years – The oldest fund in the sample was founded in 1862 and the newest one in 2018. In 2006 the most amount of funds were founded. VCs in the sample made the most deals in the period from 2000 to 2021. For some funds, 2018 was the year with the most amount of deals. The biggest amount of successful exits happened between 2009 and 2021 years. For some funds, 2019 became the year with the most successful exits.
• 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 2, the maximum is 134. Average number of funding rounds is 23.9 while median is 12.0. The most common amount of funding rounds for VCs in the sample is 12. Minimum amount of lead investments for funds is 0 and maximum is 36. Average amount of lead investments is 5.6 while median is 3.0. The most common amount of lead investments is 0. Index of difference in percentage points of lead investments from the average is between -51.0 and 29.0 for funds in the sample. The average value for this difference is -3.46 and the median is 0.05. It means that these funds act as lead investors less often than other funds. The most common value is 29.0.
• Typical Rounds – Private Equity and Early stages are more common for funds in the sample. Seed and Late stages are less common. VCs usually participate in rounds with 2 – 3 investors. Less often in rounds with 1 – 1 investors. The most common round size for VCs in the sample is less than 100 thousands. Less common range is 10 – 50 million. A Funds’ average multiplicator for portfolio companies at the last known valuation is close to zero at minimum and 21.57 at maximum. Average value for this multiplicator is 2.0 and median is close to zero. The most common multiplicator value is close to zero.