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Ingressive Capital Market Trends Report for April 2024

14 tech startups pulled in over $69.6M in venture capital investments in April 2024. By comparison, over $135M was invested in 18 tech startups in March 2024. The exact numbers cannot be determined as a number of the investment figures were undisclosed.

Cleantech overtook Fintech for the first time in both value and volume as substantial investments continue to go into green initiatives. Regardless, unconventional solutions in areas that have the potential to positively impact or solve the major problem for the millions of people on the continent will receive the required financial support.

Tunisia continues to pick up steam, while South Africa remains a major investment destination for innovation in services.

Cleantech took the lead with three (3) investments: Kubik, Monsapo, and SunCultureFollowed by Fintech with two (2) investments – Triply and ZeePay.Finally, Agritech, AI, eCommerce, Edtech, HRtech, Insurtech, Logistics, SaaS, and Wealthtech all tied in third place with one (1) investment each – Farm To Feed, SpatialEdge, Waffarha, HyperionDev, Bluworks, Pula, Chowdeck, Chunguza Travel, and Bokra, respectively.

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