How to Raise Your First $100K in Africa: Funding Tips from Founders
- Nigeria, Kenya, Egypt, and South Africa capture 92% of startup funding in Africa.
- Only 0.7% of Q1 2025 funding went to women-led startups.
- In 2024, Kenya led with $638 million in funding, while Nigeria followed with $520 million.
While the African startup ecosystem is evolving with increasing opportunities, the significant funding gap for women-led startups and the concentration of investments in a few countries highlight the need for more inclusive funding strategies. Addressing these disparities is crucial for fostering a more equitable startup landscape.
