Startup funding across Africa in 2025 remained strong but highly concentrated, with a small group of scale-ready companies attracting a disproportionate share of investor capital.
The figures are based on compiled deal data covering African startup funding activities during the 2025 calendar year.
While hundreds of startups raised capital across the continent, the data shows that late-stage, capital-intensive business models dominated funding volumes, particularly in fintech, clean energy, mobility, and infrastructure-style ventures.
In total, 551 startups raised an estimated $3.93 billion in disclosed funding in 2025. Of this amount, just 10 startups accounted for $1.66 billion, representing 42.37% of all capital raised during the year.
Sun King combined large commercial debt with venture capital to expand its off‑grid solar distribution network. The blended structure reflects growing appetite for climate infrastructure financing.
- Deal dates: July & December 2025
- Deal structure: $156m debt + $40m venture equity
- Number of deals: 2
- Country: Kenya
- Investors: KCB Bank Group, Co‑operative Bank of Kenya, Absa Bank Kenya, British International Investment, Norfund, FMO, Lightrock (for the venture round)
