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AFRICAN STARTUPS
Africa’s startup ecosystem continues to attract strong investor appetite despite global headwinds, with 39 African startups raising a combined $187.6 million in recent deals, although three companies did not disclose the amounts raised.
African startups secured $365 million in funding in June 2025, making it the continent’s strongest month this year and the best single-month performance in nearly a year, according to data from Africa: The Big Deal.
Despite macroeconomic headwinds, African startups continued to draw strong investor interest in May 2025, with Egypt taking a dominant lead in deal volume and value.
A report by Startup Graveyard has identified funding shortages as the primary cause of African startups' shutdowns in 2024, the...
African startups kicked off 2025 with a remarkable fundraising performance, securing a total of $289 million in January through several deals worth $100,000 and above.
African startups cumulatively raised a total of $2.2 billion in 2024 driven by two mega deals by Nigeria’s Moniepoint and South Africa’s Tyme Group.
Seedstars Africa Ventures I, a venture capital fund focused on early-stage investments in scalable African startups, has announced a first close of $42 million.
African startups collectively raised $250 million in funding in October, driven by a significant $110 million Series C round from Nigerian fintech company Moniepoint.
African startups announced a total of $138 million in September 2024, encompassing equity, debt, and grants.
The latest report by Africa: The Big Deal, which tracks investments in the continent’s startups has revealed that only three female-led startups made the list of the top fundraisers since 2019.
A single raise by Nigerian fintech, Waza, gave the country a 14% share of total funds raised by African startups in August, which stood at $56 million.
African startups backed by the Google for Startups Black Founders Fund have collectively raised $266 million from VCs in the last three years.