Nearly 40% of African startup funding now comes from local investors
African investors accounted for nearly 40% of total startup funding in 2023, up from 25%. Local fund managers have maintained a steady level of investment, indicating a maturing investment base.
Before the VCs arrive, FirstFounders wants African AI startups built to last
FirstFounders was launched in 2020 to help founders turn ideas into scalable businesses. The firm identifies a lack of operational support and capital access as key challenges for African startups.
Africa’s gender funding gap persists; women founders still get just 1 in 10 dollars
In 2025, Africa's tech funding topped $2 billion for over 500 deals. Male-led startups received 75% of the total funding, while women-led startups received only 10%.
77% of African Angel Investors Allocate Under $25K to Startups, Survey Reveals
77% of angel investors in Africa allocated less than $25,000 to startups between 2022 and 2024. Increase in investors committing amounts ranging from $50,001 to $250,000.
77% of African angel investors limit deals to $25,000, ABAN finds
77% of African angel investors invested less than $25,000 in startups between 2022 and 2024. The share of angel investors committing between $50,001 and $250,000 is growing steadily.
