Without a doubt, the presence of influential, global VC heavyweights like Softbank, Khosla Ventures, and a16z has had a major impact on the overall ecosystem. It has brought international attention to the region, and it's a signal of value that others have moved to follow.
Early reports indicate that, in terms of the most active investors in Africa, there were only seven, most of them Africa-focused firms, involved in $100,000+ deals every month last year, a drop from 20 (mainly foreign VCs) in 2022 and from 17 in 2021, as funding dipped dramatically.
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