South African tech start-ups saw a year-on-year decline in the total amount of funding received in 2022.
outh Africa saw a year-on-year decline in both the number of startups receiving funding and the total amount of funding received.
Prior to 2022, the amount of funding in South Africa had been growing YoY, and 2022 marks the first time the country’s numbers did not increase. Disrupt Africa said that 2022 was a disappointing year for South Africa, with it being overshadowed byhigher prevalence ofDespite 2022 being a difficult year for South African tech startups, 2023 has started well.podcast, Gabriella Mulligan and Tom Jackson examined how much money tech startups raised so far in 2023.
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