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The Startup Ecosystem of Dakar

Dakar has 48 startups in our sample database. This represents about 96% of Senegal’s startups. Dakar is the highest-ranked startup ecosystem in Senegal.

CITY RANKING

In 2024, the startup scene of Dakar developed considerably and increased in the Global Ecosystem Index by 78 spots.

National Ranking

1st
0
In Senegal

Regional Ranking

2nd
+
1
In Western Africa

Global Ranking

261st
+
78
Worldwide

Ecosystem

Startup Ecosystem Overview

Startups

Dakar Top Startup Industries

Fintech icon
Fintech
#124 worldwide

13 startups

Transportation icon
Transportation
#144 worldwide

9 startups

Foodtech icon
Foodtech
#194 worldwide

4 startups

Ecosystem HealthCheck

Dakar Ecosystem Health Check

The health check tables allow you to look at the performance Dakar has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global26148
Fintech12411013
Transportation00.0000.0000.00
Foodtech00.0000.0000.00
Ecommerce & Retail00.0000.0000.00
Marketing & Sales00.0000.0000.00
Software & Data00.0000.0000.00
Edtech00.0000.0000.00

ECOSYSTEM

Browse the startup ecosystem database of Dakar

Download list
WAVE startup logo
Fintech | Payments
Unranked
CoinAfrique startup logo
Software & Data | Apps
Unranked
InTouch startup logo
Fintech | Payments
Unranked
ShopMeAway startup logo
Ecommerce & Retail | Ecommerce
Unranked
Paps startup logo
Transportation | Logistics
Unranked
Oolu startup logo
Energy & Environment | Energy
Unranked
/_next/static/images/no_logo-8d6edbd64d3c596416a8ea98e6861a9e.png Socium Job startup
Marketing & Sales | Marketing & Sales-Other
Unranked
LAfricaMobile (LAM) startup logo
Marketing & Sales | Digital Marketing
Unranked
Fleeti startup logo
Transportation | Logistics
Unranked
Yobante Express startup logo
Transportation | Logistics
Unranked
Chargel startup logo
Transportation | Logistics
Unranked

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Startup Ecosystem Charts

Startup Funding in Dakar2017 - 2024

Startup Funding in Dakar 2017 - 2024

From 2022 to 2023, startup funding in Dakar has decreased by 38.08%. During this period, the number of deals in Dakar has decreased by 47.62%. Since 2017, total startup funding in Dakar exceeded US$ $334.01M.

Average Funding in 2023

$970.86K

Dakar
Senegal
+18.21% YoY

Funding in 2023

$10.68M

Dakar
Senegal
-38.08% YoY

Deals in 2023

11

Dakar
Senegal
-47.62% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B06121824

Ecosystem

The Startup Ecosystem in Dakar

Our startup ecosystem map for Dakar includes a sample of 48 tech companies. We have identified as unicorns 1 startups that have passed the USD 1 billion valuations. Get the Pro account for unrestricted insights on this ecosystem.

Global Rank

Dakar is ranked within the top 300 startup ecosystems globally.

Top Industries

Dakar’s startups excel particularly in Fintech where it ranks 124 and in Transportation, and Foodtech. Find out more

Top Cities for Startups in Senegal - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

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Quantity Score
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Quality Score
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Business Score
1st
0
261st
+
78
1.595
00.00
00.00
00.00
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Download CSV file
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Startups

Notable Startups in Dakar
WAVE startup icon
WAVE
CoinAfrique startup icon
CoinAfrique
InTouch startup icon
InTouch

ECOSYSTEM

Why should you join Dakar's Startup Ecosystem?

Overview

Within Dakar there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Transportation, Foodtech. These three industries represent about 54% of the startups represented on the Startup Ecosystem Map of Dakar.

1st

National Rank

2nd

Regional Rank

Overview

Dakar is Senegal's 1st best startup ecosystem and is ranked 2nd in Western Africa. With a population of 2M - 10M people, Dakar is ranked 261st in the world. The city has some notable startup success stories including WAVE.

ECOSYSTEM
Startup Infrastructure in Dakar
With a large variety of initiatives, Dakar's startup ecosystem stands out from other cities in Western Africa. Dakar offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Dakar's most prominent support initiatives:

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Recent Posts

Mon Apr 14 2025

From Service-Based to Product-Based Economy – Lessons from North Macedonia

In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]

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Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]