Intro

The top 6 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 in Early stage over the last 3 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 money raised in Early funding rounds is $226.3M, which is 16.3% of the total amount of money raised in the Software industry in Sub-Saharan Africa over the last 3 years.

Top 6 investors in Sub-Saharan Africa with the biggest sum of Early 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 3 funds. There are also funds from Mauritius and Nigeria. All funds are based in different cities. No city grouping tendencies were found in this sample. There is no investment geofocus for VCs in the sample. All of them invest in startups from different countries. For half of the funds, 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 Telecommunications, Banking and Entertainment.
  • Important Years - 2018 holds the most deals for 3 VCs. 2020, 2015 and 2000 were also fruitful.
  • 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 5, the maximum is 134. Average number of funding rounds is 52.5 while median is 33.0. Minimum amount of lead investments for funds is 0 and maximum is 36. Average amount of lead investments is 9.7 while median is 4.0. Index of difference in percentage points of lead investments from the average is between -21.0 and 29.0 for funds in the sample. The average value for this difference is 1.47 and the median is 0.35. It means that these funds act as lead investors more often than other funds.
  • Typical Rounds - No grouping tendencies in the amount of investors in the funding rounds were found in this sample. The most common round size for VCs in the sample is 10 - 50 million. Less common range is less than 100 thousands. Average multiplicator for portfolio companies at the last known valuation for all funds is different.