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.
This impressive June showing pushed total funding for the first half of the year (H1 2025) to $1.35 billion, representing a 78% surge compared to the $800 million raised in the same period in 2024.
The H1 2025 total also nearly matches the $1.37 billion raised in the second half of 2024, reflecting a marginal 1.5% decline.
While June’s performance certainly helped lift the numbers, it was not a one-off success.
Four out of the six months in H1 2025 saw monthly totals exceeding $250 million, further cementing the year’s upward funding trend.
However, it marked a 7% dip from the $1.02 billion in equity raised in H2 2024. Debt funding, which had lagged earlier in the year, experienced a remarkable resurgence in June.
By the end of June, debt funding had reached $400 million, up 55% from H1 2024 and nearly identical to the $405 million raised in H2 2024.
With both equity and debt instruments contributing significantly to the improved numbers, industry observers say Africa’s startup funding ecosystem appears to be stabilizing after a prolonged downturn that began in 2022.
The consistent performance across multiple months signals growing investor confidence and improved deal flow, even as global macroeconomic uncertainties persist.
- In May, for instance, Nairametrics reported that no Nigerian startup made the list of top 10 fundraising in the month, as Egyptian startups dominated with big tickets.
