Between January and May 2025, African startups secured a total of $1 billion in funding — a 40% rise from the same timeframe in 2024.

Startup funding in Africa started strong in January 2025 with $289 million raised. However, the pace slowed in the subsequent months, dropping to $119 million in February and reaching a low of $50 million in March.

April brought a welcome recovery with $343 million in startup funding, signaling revived investor interest. However, May saw a slight decline, with $254 million raised across 39 disclosed deals.

Despite the recent slowdown, total funding for the first five months still hit the $1 billion mark — a promising indicator for Africa’s growing tech ecosystem.

Surprisingly, African startups secured over $2.5 billion between June 2024 and June 2025, the highest 12-month total since early 2024.

Egypt has taken the lead as Africa’s top startup funding destination in 2025, attracting $330 million—31% of all disclosed funding to date. With over 16 deals, including 11 disclosed investments, the country’s funding activity has surged by 130% compared to the same period in 2024.

Egypt led major funding rounds in May 2025, accounting for six of the seven startups that secured over $10 million. The standout deal came from Egyptian proptech startup Nawy, which raised a total of $75 million, $52 million in a Series A round and $23 million in debt financing.

Other major Egyptian deals in May 2025 include MNT-Halan’s $50 million raise, Valu’s $27 million secured from Saudi investors, fintech firm Thndr’s $15.7 million round, Slyndr’s $15 million in mobility funding, and MoneyFellows’ $13 million pre-Series C.

AURA, a health-tech startup based in South Africa, secured $15 million in a Series B round. The funding was co-led by Partech and the Cairo Angels Innovation Fund (CAIF), marking a notable development in the region’s health technology space.

Although Egypt led the way, the remaining members of Africa’s “Big Four” continued to hold strong positions within the continent’s funding ecosystem.

South Africa contributed 26% of the overall funding, while Nigeria secured 15% and Kenya followed with 12%.

Kenya, once the front-runner in startup funding earlier this year, has experienced a significant drop in high-value deals in recent months.

Despite reaching the $1 billion mark, the month-to-month funding variations suggest that investor confidence remains measured and selective.

Nevertheless, Egypt’s standout performance and the strong funding over the past 12 months signal a growing confidence that African startup investment is regaining momentum.