Startup Landscape in Senegal

Senegal has over 999 startups across the country. Of these, 221 are funded companies that have collectively raised $585M in venture capital and private equity. A total of 115 investors have participated in 246 funding rounds, with 6 startups securing early-stage funding and 3 raising late-stage funding. In the last five years, 113 new companies have been founded, raising over $4M in funding. Startups in Senegal have witnessed 14 acquisitions and 3 IPOs, while 159 startups wrapped up operations. Additionally, 35 companies have been founded by women.