South Africa’s funding scene is cagey. It’s really hard to find concrete information, but it’s no surprise really, considering all the non-disclosure agreements. Silicon Cape has been running a survey in an effort to unlock some funding information which it hopes will enlighten the country’s tech startup community. The survey results were compiled into this infographic. While 60% of startups are self-funded, 41% are in search of funding. Funding is still a luxury available to a select few — about a quarter of the survey respondents have received funding from VCs, Angels and family.
To read the original article: Funding and South Africa’s tech startups [Infographic] | ventureburn
