African startups hit $1 billion in funding for 2025 as Egypt leads in May
African startups raised $1 billion between January and May 2025, a 40% increase compared to 2024. January 2025 saw $289 million raised, but funding dropped to $119 million in February and $50 million in March.
Egypt Leads as African Startup Funding Hits $1 Billion Despite Volatility
African startups secured a total of $1 billion in funding between January and May 2025, a 40% rise from the same timeframe in 2024. Funding peaked in January 2025 with $289 million raised but saw a decline to $50 million in March before recovering to $343 million in April.
Moniepoint investor takes over Egypt’s $105M Nclude with new venture fund
DPI has taken over the management of Egypt’s $105 million Nclude Fund. Nclude was established in March 2022 by Egyptian state-owned banks and fintech partners.
Seed vs. Series A: African Fintech Funding Compared
Seed funding in Africa averages $1.6M in 2024, a 26% increase from the previous year. Series A funding has dropped to an average of $8.7M in 2023, down from $15M in 2022.
Top 5 Startups to Watch in Egypt in 2025
Egypt's ICT sector generates $6.5 billion in revenue in 2025. Over 600 startups are driving innovation in Egypt.
