African tech startups have experienced a notable increase in funding, with investments growing by 50% in the second quarter compared to the first. Despite a significant drop in total investments to US$1.1 billion in 2024 due to a global capital shortage, recent data reveals a promising recovery. While fewer startups secured funding in Q2, the total raised reached US$426.9 million, up from US$283.9 million in Q1. This positive trend suggests a potential end to the global funding downturn, as the first half of 2025 saw 104 startups raise a combined US$710.8 million, marking a 34% increase from the same period in 2024.
Is African tech startup funding on the rise in Q2?
