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The sector-agnostic platform, affiliated with Flourish Ventures, aims to empower entrepreneurs with the provision of funding and also democratising access to world-class company-building support. The report, which also includes data around female representation within the Africa-focused venture capital industry, is released in partnership with Madica, an Africa-focused pre-seed investment programme empowering underrepresented and underfunded mission-driven founders on the continent. Of the just over US$4 billion raised by ventures in the period in question, meanwhile, only 9.1 per cent went to companies co-founded by a woman, and just 2.9 per cent to startups with a female CEO or equivalent. Of those, just 21 per cent had at least one female co-founder, while only 11.7 per cent had a female CEO. The report also includes survey data where female founders have spoken directly about their experiences within the ecosystem, as well as personalised case studies.įrom a funding perspective, the report analysed 711 African tech startups that secured funding in 2022 and so far in 2023.

Key findings include the fact that of almost 2,500 African tech startups studied for the purpose of the report, only 14.6 per cent had a female co-founder and just 9.6 per cent were led by a female CEO. Its latest publication, its 21st in total, is the company’s most ambitious ecosystem research project to date – focusing on gender equality in the African tech startup landscape, “ Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem ”.

Since launching its research arm in 2016, Disrupt Africa has built up a significant portfolio of publications, most notably the African Tech Startups Funding Report, Finnovating for Africa, and deep-dives into various leading startup ecosystems, available free for all via open-sourcing initiatives with various partners across the continent’s tech ecosystem.

Disrupt Africa has released the first ever publication focused on gender equality in the African tech startup landscape, in partnership with Africa-focused pre-seed investment programmes Madica, with the results demonstrating the lack of gender diversity both within startup teams and funding rounds on the continent.