A new analysis of startup investment activity from 2019 to 2026 reveals that Mauritius-based Launch Africa is the most active investor in the African ecosystem, having completed 198 deals. Despite a broader venture capital slowdown, key investors including Germany’s DEG and various global accelerators continue to back early-stage companies. Nigeria remains a regional leader, with LoftyInc Capital Management and Future Africa ranked among the top ten most active investors, highlighting the growing influence of domestic firms in the continent’s innovation landscape.