Funding for African Startups in 2025
Download ReportAfrican startup funding rose 65% year on year to $3.5bn in 2025, driven by a concentration of large-scale deals.
- African startups raised $3.5bn across 275 deals
- Fintech was the most funded sector, while energy emerged as a strong second
- Kenya was the top-funded country, followed by South Africa, Egypt, and Nigeria
- Debt financing accounted for a significant share (41%) of the total
- Equity remained the dominant funding instrument overall, with grants playing a minimal role
- Startups aged five to ten years received the largest share of capital
- Male-led startups received over 90% of total funding
- Two-founder teams raised the highest amount of capital
- AI startups raised $37.8mn, mostly at Seed and Series A stages
- Egypt and South Africa accounted for the majority of AI funding
- Summary
- Methodology
- Highlights
- Monthly Breakdown
- Type of Funding
- Breakdown by Funding Rounds
- Funding by Country
- Funding by Industry
- Kenya: Funding by Industry
- South Africa: Funding by Industry
- Egypt: Funding by Industry
- Nigeria: Funding by Industry
- Funding Breakdown by Founder Gender
- Funding Breakdown by Founder Count
- Funding by Startup Age
- Equity vs Debt Financing Across Industries
- Amount Raised by Startups in the AI Industry
- AI Industry: Funding by Investment Rounds
- AI Industry: Share of Funding Amount by Investment Rounds
- AI Industry: Funding Amount by Country
- AI Industry: Share of Funding Amount by Country
Report highlights
African startup funding rose 65% year on year to $3.5bn in 2025, driven by a concentration of large-scale deals.
Year Published: 2026
Pages:25
Document Type:PDF
Languages:English
Price: Free
