287 private capital deals were concluded in Africa in 2024 YTD, just shy of the 5-year average of 294 deals despite an 11% YoY decline. The volume highlights Africa’s sustained investment appeal despite global headwinds.

African venture capital took a hit in 2024. Q3 saw only US$507mn across 108 deals, marking a steep drop in both deal volume and value. Year-to-date, funding stands at US$1.2bn across 313 deals.

This series offers an overview of Africa's Private Capital Activity, with this report highlighting key trends in investments, exits, and fundraising observed during the second quarter of 2024.

Exclusive insights into the development and global comparison of venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

This series offers a collection of exclusive insights spotlighting the development and global comparison of venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

This series offers an overview of Africa's Private Capital Activity, with this report highlighting key trends in investments, exits, and fundraising observed during the first quarter of 2024.

The report provides analysis on the latest trends of fundraising, investments, and exits within African Private Capital Activity in Africa, shedding light on the recent developments that took place during 2023. 

This report offers a collection of exclusive insights spotlighting the development of and global comparison for venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

This marks the third edition of the AVCA’s Private Capital Industry Survey, offering a comprehensive exploration of the perspectives, plans, preferences, and expectations of 88 investors, including both Limited Partners (LPs) and General Partners (GPs) actively involved in Africa’s private capital industry.

This report offers a collection of exclusive insights spotlighting the development of and global comparison for venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

The report offers a comprehensive overview of the African Private Capital Activity in in a global context, shedding light on the recent developments that took place during an eventful first half of 2023.

This report offers a collection of exclusive insights spotlighting the development of and global comparison for venture capital in Africa; exploring the regions and sectors leading venture capital deals across the continent.

We are delighted to share our fourth edition of the 2022 AVCA Venture Capital in Africa report presenting an overview of the venture capital ecosystem. It provides an analysis of the latest trends and development of Africa’s start-up investment landscape and the profile of the investors active on the continent. 

2021 AVCA’s Venture Capital in Africa report presents an overview of the venture capital ecosystem. It provides an analysis of the latest trends and development of Africa’s start-up investment landscape and the profile of the investors active on the continent.

We are pleased to present the second edition of AVCA's Venture Capital in Africa report, a study of Africa's venture capital deal activity and investors' profile from 2014 to 2020. This report also features investment case studies from AfricInvest and TPG Growth.

This report presents the private equity and venture capital performance across Africa in Q4 2020. The publication was produced by Cambridge Associates in collaboration with AVCA

This report presents the private equity and venture capital performance across Africa in Q4 2020. The publication was produced by Cambridge Associates in collaboration with AVCA

AVCA is pleased to present the second edition of the African Private Equity Industry Survey, a study that provides insight into how both LPs and GPs are evaluating the African private equity industry.

AVCA is delighted to present the fourth edition of the AVCA Limited Partner (LP) Survey, which examines global investor views about private equity in Africa and return expectations in an evolving industry. Given the evolving global geopolitical landscape, it is more important than ever to undertake investor outreach in order to identify consensus views that will impact our industry. This year’s report finds that despite its challenges, LPs continue to see the appeal of African private equity.

A summary of the key findings and frequently asked questions (FAQs) about the Q1 2017 African PE & VC Performance Benchmark, published by AVCA exclusively for AVCA members.

AVCA is pleased to announce the release of the African PE & VC Performance Benchmark (Q1 2017), produced by Cambridge Associates, in collaboration with AVCA.

AVCA is pleased to announce the release of the final 2016 African PE & VC Performance Benchmark, produced by Cambridge Associates, in collaboration with AVCA.

A summary of the key findings and frequently asked questions (FAQs) about the final 2016 African PE & VC Performance Benchmark (Q4), published by AVCA exclusively for AVCA members.

A summary of the key findings and frequently asked questions (FAQs) about the African PE & VC Performance Benchmark, published by AVCA exclusively for AVCA members.

A summary of the key findings and frequently asked questions (FAQs) about the African PE & VC Performance Benchmark, published by AVCA exclusively for AVCA members.

AVCA is pleased to announce the release of the latest African PE & VC Performance Benchmark, produced by Cambridge Associates, in collaboration with AVCA.

AVCA is pleased to announce the release of the third edition of its Limited Partner Survey, which provides insights into the views, plans and expectations of a diverse range of LPs from across the globe.

AVCA is pleased to announce the release of the latest African PE & VC Performance Benchmark, produced by Cambridge Associates, in collaboration with AVCA.

AVCA is pleased to present the second edition of the Limited Partner Survey. The purpose of this report is to provide stakeholders with views, plans and expectations on private equity in Africa from the Limited Partner’s (LP’s) across the globe.

This is the first quarterly report of the Cambridge Associates LLC African Private Equity and Venture Capital Index, a collaboration between the African Venture Capital Association (AVCA) and Cambridge Associates, the global investment advisor that maintains databases and tracks performance data of private investments around the world.