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# A look at funding in the Central African region in 2022
- URL: https://www.techloy.com/central-african-region-startup-funding-2022/
- Published: 2023-02-08T19:16:50.000Z
- Updated: 2023-02-08T19:16:50.000Z
- Author: Emmanuel Oyedeji
- Tags: / Money, Tech in Africa

Central Africa was by far the region where startups raised the least funding through deals of 3$100K and over with a total of $51 million in 2022, according to data from *Africa: The Big Deal.*

Funding in the region represented only 1.1% of the funding raised on the continent, however, YoY growth was commendable, as start-ups raised more than double the amount that had been raised in 2021 ($24m). 

The number of $100k+ deals also grew YoY – from 12 in 2021 to 14 in 2022 – and represented 1.4% of the continent’s total.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/02/Funding-raised-by-startups-in-Central-African-countries--2022---1-.png)

Only two of the eight countries that make up Central Africa saw at least one $100k+ deal last year: DR Congo and Cameroon. 

DR Congorecorded 5 $100k+ deals in 2022 (vs. 4 in 2021) and the total amount raised more than tripled, from $12m in 2021 to $39m last year. while funding raised in Cameroon was flat YoY ($12m) while one more $100k+ deal was recorded compared to 2021 (9 vs. 8). 

Some of the notable funding rounds in the region include DRC's Jambo, which [raised a $7.5m Seed round](https://www.techloy.com/congolese-web3-startup-jambo-raises-30-million-in-series-a/) in February, followed three months later by a [$30m Series A round](https://www.techloy.com/congolese-web3-startup-jambo-raises-30-million-in-series-a/) in May, and [Ejara’s $8m Series A](https://www.techloy.com/cameroonian-crypto-startup-closes-8-million-in-series-a/) in Cameroon. It means that outside of Jambo and Ejara - both in the ‘crypto space’ -, start-ups in the region raised a mere $5m in 2021.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/02/Funding-raised-by-startups-in-Central-Africa--2019---2022---1-.png)