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The growth in startup investment is encouraging, but $129 million across an entire continent of nearly 1 billion people most definitely can be described as "small". Indian startups got $2.5 billion in PE and VC investment last year. European VC investment alone was $16 billion last year - a decline of $2 billion from the previous year. $129 million would be one funding round for one Silicon Valley startup. A lot more needs to be done to attract serious investment in African tech startups, and patting oneself on the back about this level of funding is not it.