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  • The event welcomed more than 2,000 delegates attending from 75 countries around the world.
  • Over 600 early-stage Angel and VC investors connected at the annual summit to take stock of the industry’s progress and to chart the way forward.
  • Improving investor support and access to capital for women was also high on the agenda.

The 8th edition of the African Early Stage Summit (#AESIS2021) (www.africainvestorsummit.com) held on three consecutive days of November 3rd, 4th, and 5th in collaboration with VC4A (vc4a.com) and ABAN (ABANangels.org) saw investors and business people meet online in an event hosted in 13 cities around the world.

This was the largest event to be held of this nature around the world with over 2000 delegates gracing the event from 75 countries around the world.

In addition over 600 early-stage Angel and VC investors connected at the annual summit to take …

African startups raised $2b in funding rounds last year according to the Partech Africa 2020 report.

“The Partech Africa report tracked 250 rounds raised by 234 start-ups compared to 164 rounds by 146 start-ups the year before, representing 52 per cent growth year-on-year growth in deal count,” the report reads in part.

It also noted that the early-stage rounds of seed and Series A investments were extremely dense, signifying investors’ increased confidence in taking early bets in Africa.

Startups look to investors to acquire capital since they are usually alienated by financial institutions.

The process is sequential, divided between pre-seed funding, seed funding, series A, B and growth. according to data, Investors continue to invest majorly in startups at the growth stage, which attracted $912m from 19 rounds compared to seed funding which drew up $151m from 127 rounds.

Also Read: Crowdfunding: Bank Borrowing Alternative For Start Ups

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