African Series A Funding: What’s Changed?

Question 1

What percentage of African startups that raise seed funding typically go on to secure Series A funding?

Accepted Answer

10%

Answer

20%

Answer

30%

Answer

50%

Question 2

What is the recent attitude of investors towards profitability in Series A funding?

Accepted Answer

An entry requirement

Answer

A nice-to-have

Answer

Completely ignored

Answer

Equal to growth storytelling

Question 3

What was the average Series A equity ticket size in 2023?

Accepted Answer

$8.7m

Answer

$15m

Answer

$10m

Answer

$20m

Question 4

What trend was observed in African seed-to-Series A conversion rates between 2021 and 2023?

Accepted Answer

Collapsed significantly

Answer

Increased markedly

Answer

Remained stable

Answer

Improved slowly

Question 5

In recent years, what type of businesses have investors shown more interest in funding?

Accepted Answer

Businesses demonstrating profitability and sustainable scale

Answer

Flashy fintech ideas

Answer

High growth narratives without profitability

Answer

Businesses with unproven models