African startup funding experienced a significant boost in the first half of 2025, reaching $1.35 billion, marking a 78% increase compared to the same period in 2024. This surge was notably driven by a strong performance in June, when $365 million was raised, the highest monthly total in almost a year. The increase in funding reflects a broader recovery trend, with April and May also contributing significantly to the overall growth. The funding mix for H1 2025 was led by equity, which accounted for $950 million, while debt funding saw a notable rebound in June, largely due to Senegal’s Wave fintech securing $137 million. Despite global economic uncertainties, investor confidence in African tech appears to be strengthening. However, Nigeria, previously a leading force in the region, did not feature in the top 10 funding rounds in May, with Egyptian startups taking the lead instead. Meanwhile, Ghana is making strides with a major overhaul of its SIM registration system and the introduction of a Startup Bill aimed at curbing cybercrime and fostering innovation. Telecom Egypt has completed significant subsea cable landings, reinforcing Egypt’s role as a digital bridge between continents.
Has African startup funding surged to $1.35 billion in H1 2025?
