North Africa's tech ecosystem is booming at an impressive, accelerating pace. Once considered peripheral to the booming startup scenes of Lagos or Nairobi, cities like Cairo, Tunis, Casablanca, and Algiers have vaulted onto the global stage as centers of digital innovation and venture capital activity.
According to the African Tech Startups Funding Report, the region's share of total African startup investment has more than doubled, climbing from just 9 in 2019 to over 20 of all continental capital by 2024, a clear sign that the Maghreb and Egypt are no longer emerging players, but rising powers.
While venture capital is growing in the region, most VC firms still focus on startups with proven traction or revenue. That leaves a critical gap at the idea and pre-seed stages, where founders need the most support and the least capital.
