Data tracker and market insights firm Briter Bridges, in the latest report, says Africa's venture capital and private equity fund managers secured $2.4 billion across 43 deals across the year.
Among the notable VC funds that came up last year include the $300 million Partech Africa II, the largest Africa-focused fund to date, and Africa People + Planet fund by Novastar Ventures, an over $200 million pool that will invest in agriculture and climate sectors. New VCs also continued to surface, including Chui Ventures, which has a gender-inclusive focus in its plan to back founders in Africa focused on mass-market products.
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