49 JOHANNESBURG

Johannesburg has more mobile phones in Africa than there are people, requiring entrepreneurs here to live, breathe, and eat “mobile first.” Facebook also opened their first office in Africa here. As the largest city in the world not built on a coastline, lake, or river, Johannesburg began its life as a gold-mining town, while people flock there now for digital gold. Unbeknownst to many, South African startups raised some $54.6 million in 2015, the highest on the continent.

VENTURE ACTIVITY Q4’15 - Q3’16

VC FUNDING $146.6M

DEALS 17

EXITS 12

2 YEAR YoY FUNDING GROWTH -84.4%

2 YEAR YoY DEAL GROWTH 112.5%

Source: CB Insights

49

JOHANNESBURG

VENTURE ACTIVITY Q4’15 - Q3’16

JOHANNESBURG AT A GLANCE

Power Breakfast

Coffee Shops to Start Up In

Local Beer

Best Bar

“Must Be At” Local Events

In the Know

THE TOP

ANGELS

VCs

ACCELERATORS

ENTREPRENEURSHIP EVENTS

Q4’15 - Q3’16 TOP FUNDING ROUNDS