African Startup Funding Soars 240% in 2025, Hitting $289M in January
Funding into the African startup ecosystem surged by 240% year-on-year to reach $289 million in January 2025. Equity financing accounted for over 90% of the total funds raised, translating to $262 million.
40 African startups raised $289m in January 2025
40 startups raised $289 million in January 2025, a 240% increase from January 2024. Equity deals made up 90% of the total investment, amounting to $262 million.
Funding to African female founders hit a five-year low in 2024
Female startup founders raised $48 million in 2024, four times less than the previous year. Male startup founders raised over $2 billion in 2024.
Nigeria accounted for 14% of the total as African startups raised $56 million in August 2024
Waza secured $8 million in funding, including a $3 million seed equity round and $5 million in debt financing. Nigeria accounted for 14% of the total $56 million raised by African startups in August.
