Briter Bridges carried out an analysis in Africa's Green and Physical transition to examine gender and demographics. The work also aimed to reveal the co-founding
Members and C-level executives of today's Africa-based innovative companies.
The analysis surveyed 1904 firms in 12 industries, with a total of 2701 co-founders. It has aggregated class, race, education and fundraising data. The research also gained insights from selected entrepreneurs, investors and hub managers working in the field of digital solutions.
As far as finance is concerned, the data from 276 transactions in Africa since early 2019 revealed significant disparities in the distribution of gender assets, likely reflecting the low proportion of female businesses working in digital technologies and industrial spaces.
17% of survey headquarters are in South Africa, 15.4% in Nigeria and 12.6% in Kenya. 17.7 percent of the survey is located outside of the African continent and all businesses are active in at least one country ion the continent.
Of the 1904 firms listed, the data collection shows that 1,265 businesses have either one active founder or C-level director, 506 have two active co-founders, 109 have three, 23 have four, and 1 has five.
144 sample companies with one female creator or C-level executive and 23 firms founded solely female with two or more co-founders.
In a study published at the end of last year, over 167 reported transactions in 2019, $1.27 billion was paid. At the end of April 2020, the figure rose to $1.69 billion over 276 disclosed deals.
He reported transactions between $3,000 and $200,000,000 from January 2019 to April 2020. 37 recipient organizations have at least one female co-founder, or 13.4 percent of the number. Just 5 percent of businesses were formed entirely female.
In 2019, 5.7% of the overall finance was given for female co-founded businesses, and just 3.2% of the total capital was distributed to female co-founded enterprises for the first 4 months of 2020.
Funding Recipient Demographics
Despite a significant increase in risk capital in the region over recent years, male founders predominate and according to data from the African Development Bank (AfDB), there is a funding gap of $42 million in African financing.
The McKinsey Global Institute study for 2019 indicates that GDP across Africa will rise by 10% amongst men and women by 2025.