UK Markets open in 2 hrs 57 mins

West African Funding Activities by Internet Start-ups: Analysis of Funding from 2010 to 2019

Research and Markets
·2-min read

Dublin, Oct. 15, 2020 (GLOBE NEWSWIRE) -- The "West African Startup Decade Report (2010-2019)" report has been added to's offering.

Over the last decade, increasing Internet penetration has given rise to Internet entrepreneurs who are using technology and the Internet to address local challenges. In 2010, except for Nigeria and Cape Verde with 11.5% and 30%, respectively, less than 10% of the West African population was using the Internet. Worthy of note is that as of 2010, Cape Verde's population was just 490,000.

As of 2017, most countries in the West African Region had over 10% of their population using the Internet; however, today, the region's Internet penetration figures tell a different story. And with this increase comes a rise in Internet entrepreneurship, with Nigeria - the biggest and most populous nation in the region - providing most of the entrepreneurs.

The West African Startup Decade Report is an in-depth analysis of the funding activities of Internet startups in the region between 2010 and 2019. It breaks down founders by their experience and education, and considers industries the startups belong to as well as interested investors, among others.

The report also breaks down founders by gender, experience, education, and origin, while also exploring the relationship between the number of founders and amount raised. Origin of investors and the industries they invested in and the investment deals they participated in were also considered.

Key Topics Covered:

1. Key findings

2. West African market overview

  • Key factors driving tech adoption in West Africa

  • Country overview

3. Funding activities

  • Overview

  • Industries

  • Accelerated and non-accelerated MWAS

  • Defunct MWAS

  • MWAS that IPOed

4. Founders

  • Founder spotlight

  • Founder count

  • Gender

  • Experience

  • Education

  • Origin

5. Investors

  • Overview

  • Distribution by continent

  • Investor spotlight

  • Distribution by country

6. Featured startups

Companies Mentioned

  • 54gene

  • 54gene

  • Afrikrea

  • Capricorn Investment Group

  • Comcast Ventures etal

  • DDF Capital

  • Finca Ventures

  • Flutterwave

  • GSV Acceleration

  • Green Visor Capital

  • Jumia

  • Konga

  • Newid Capital

  • OPay

  • Paystack

  • Seedstars

  • Spark Capital

  • Stripe

  • TLcom

  • Talent2Africa

  • Tiger Global Management

  • Ulesson

  • Ventures Platform

  • XSeed Capital

  • Y Combinator

  • Zeno Ventures

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900