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AFRICA: THE BIG DEAL
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.
Startups across Africa secured a total of $254 million in May 2025, marking a slight decline from April but a better performance compared to March.
African startups raised a total of $343 million in April 2025, making a strong comeback after a disappointing March.
Tech startups from Nigeria raised over $400 million in 2024 but that was not enough to displace Kenya, which overtook Nigeria in terms of fundraising since 2023.
African startups announced a total of $138 million in September 2024, encompassing equity, debt, and grants.