In 2016 Zimbabwean tech startups secured over US$1.2 million in investment and the country was ranked as the 7th most popular destination in Africa in terms of total funding for tech startups.
This information was shared in the Disrupt Africa African Tech Startups Funding Report for 2016. This annual report documents tech startup investments across Africa, detailing the funding round (the investment stage), amounts, investors and the work done by the startups.
Disrupt Africa‘s report also provided data on 2016’s startup acquisitions and the information gathered from surveys on African entrepreneur and investor community preferences.
According to the report, African tech startups raised funding in excess of US$129 million in 2016, while the number of startups that secured funding went up by 16.8% in comparison to 2015 figures.
There was significant growth in the number of startups securing investment compared to 2015 numbers. However, the overall total amount of funding recorded declined.
Source - TechZim