African startups raised less in August, but the broader picture remains encouraging
- Africa's entrepreneurs secured $93 million across 33 deals in August 2025.
- Chowdeck raised $9 million in Series A funding, enhancing its food delivery services.
- Koolboks, a refrigeration startup from Kenya, secured $11 million in funding.
While the funding figures for August may seem disappointing, they reflect a seasonal pattern rather than a downturn in the startup ecosystem. The diversity in funding sources and sectors indicates a maturing landscape that could lead to more sustainable growth in the future. Investors should remain optimistic but vigilant as the final quarter approaches.
