African startups are rewriting their funding playbook as the global artificial intelligence boom pulls venture capital toward the US, forcing emerging markets to compete for cash.
AI-related VC investment doubled to $259 billion last year from 2023, with three-quarters of it flowing to US companies. That’s prompting founders from across Africa to turn to domestic sources such as development-finance institutions, pension funds, debt providers and local VCs.
Read more:
The shift accelerates a reset for a startup ecosystem long dependent on overseas growth capital. Investors are now demanding clearer paths to profitability and ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.