Number of funded startups in South Africa 2015-2022
In 2021, 89 South African startups secured funding. This was higher by 81 startups compared to the previous year. Since 2015, the number of startups managing to secure funding has been growing yearly. For instance, in 2015, only 45 startups obtained funding, which is almost half of the number in 2021. Furthermore, 23 startups managed to get funding as of May 23, 2022.