# @restofworld on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CeYNEpOIZjc
- **Gondola URL:** https://gondola.cc/posts/78899694-restofworld-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/d67a0362f6.jpg
- **Posted:** 2022-06-04T09:23:18.000+00:00
- **Account Owner:** Rest of World (@restofworld) — https://gondola.cc/restofworld

## Caption

Over the last half-decade, the boom in the African tech ecosystem has produced some remarkable valuations. Now some of those numbers are crashing back to reality.⁠
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In the first quarter of this year, African startups raised a whopping $1.8 billion, which is more than was raised in all of 2019. And yet few people ever batted an eyelid over how these startups’ astronomical valuation numbers were reached.⁠
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Click the link in our bio to read the full story. Illustration by cadenas_11 for restofworld.⁠
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#africantechecosystem #africanstartups #techecosystem

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## Credits

No public credits are recorded here. This does not identify who made the post.

## Tags

africanstartups, techecosystem, africantechecosystem

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