Funding for African Startups in 2024

Funding for African Startups 2024Download Report
Over two hundred African startups raised a total of $2.13 billion across 217 deals in 2024, recording a 6.6% drop from what was raised in 2023.
  • 208 startups raised a total of $2.127 billion in 217 funding rounds

  • Six startups raised at least $100 million each

  • Pre-Seed, Seed, and Series A accounted for a combined 37% of the number of funding rounds

  • The top four countries accounted for a combined 92% of the total funding

  • Startups in the Financial Services industry attracted 25% of the rounds, accounting for 38% of the total funding

  • Startups with all-male founders dominated funding with 96%, an increase from 81% in 2023

  • Executive Summary

  • Methodology

  • Highlights

  • Startups with at least $100m in funding

  • Monthly breakdown of funding

  • Total monthly funding amount and count of rounds

  • Type of funding

  • Breakdown by funding rounds

  • Funding breakdown by country

  • Funding by industry

  • Share of deals by industry

  • Funding breakdown by founder count

  • Funding breakdown by founders’ gender

  • Most active investors by count of deals involved in

  • Acquisitions with disclosed amount

Download Report
Report highlights
Over two hundred African startups raised a total of $2.13 billion across 217 deals in 2024, recording a 6.6% drop from what was raised in 2023.
Year Published: 2025
Pages:21
Document Type:PDF
Languages:English
Price: Free
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