South African tech startups have concluded deals valued at over $137.7-million so far this year, shows data tracked by Ventureburn.
Ventureburn has tracked and reported on 15 deals valued at over $137.7-million to date in 2017 — including the $123-million acquisition in May of Cape Town startup GetSmarter by US listed company 2U.
In all 12 of these deals involved Cape Town based startups, with one each based in Johannesburg, Bloemfontein and Stellenbosch.
If one excludes the GetSmarter deal, 14 tech startups have been able to raise $14.7-million this year (see the below graphic). In a further three deals reported on by Ventureburn the parties did not disclose investment details.
Excluding the GetSmarter deal, 14 tech startups have been able to raise $14.7-million this year
The 2017 deal amount exceeds the $5m in seven deals reported on by Ventureburn in 2016 (going on the dollar value as of 24 October 2017).
While foreign investors account for most of the acquisitions and investment so far this year, local funds Kalon Venture Partners, 4Di Capital and Vumela were active in five of the 15 deals. Local media company Media24 was also involved in a further deal addition to these.