Nigerian Fintech LemFi Leads $289 Million African Startup Funding Wave
African startups secured $289 million in funding in January 2025, a 240% increase from January 2024. January 2025 is the second-strongest opening month for funding since 2019, following January 2022.
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.
