Startup Shutdowns

The Better Africa Report: Five Out Of Every Ten Startups Failed In Africa In The Last Ten Years

In 2019, African startups created a milestone by garnering USD 1.34 Bn in VC investment, which was an impressive growth over the previous year’s funding value. 

As the ecosystem grows, we have witnessed a few more research and information providers coming out and providing data on investments in the VC space. However, there has been no data, whatsoever, on the failure rates and performance indicators of African ventures. 

Sometime in 2019, we met the passionate team at GreenTec ...

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