Top 9 investors in Sub-Saharan Africa with the biggest sum of Seed funding rounds in Software industry over the recent years

Top 9 investors in Sub-Saharan Africa with the biggest sum of Seed funding rounds in Software industry over the recent years

Intro

The top 9 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 Seed stage over the last 4 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 funding rounds in Sub-Saharan Africa is $9.2M, which is 0.0% of the total amount of money raised in the Software industry in Seed rounds over the last 4 years.

Top 9 investors in Sub-Saharan Africa with the biggest sum of 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 Nigeria which hosts 4 funds. There are also funds from South Africa and Mauritius. The most common city is Lagos which is home to 3 funds. There are also funds from Johannesburg, Port Louis and NA – South Africa. VCs tend to invest in startups from Nigeria, but also invest in startups from South Africa, The United States, and Senegal. For 4 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 Gamification, Enterprise Software and Retail.
  • Important Years – The oldest fund in the sample was founded in 1990 and the newest one in 2018. In 2018 the most amount of funds were founded. 2019 holds the most deals for 3 VCs. 2020, 2018 and 2015 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 1, the maximum is 134. Average number of funding rounds is 24.0 while median is 14.0. 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 7.3 while median is 5.0. 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 -10.78 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 – 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 less than 100 thousands. Less common range is 10 – 50 million. The most common average multiplicator for portfolio companies at the last known valuation for funds in the sample is 0.0. 1.14 and 0.49 are less common.
Seed Software Sub-Saharan Africa
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