African startups hit $1 billion in funding for 2025 as Egypt leads in May
- African startups raised $1 billion between January and May 2025, a 40% increase compared to 2024.
- January 2025 saw $289 million raised, but funding dropped to $119 million in February and $50 million in March.
- April experienced a rebound with $343 million in funding, while May saw $254 million raised across 39 deals.
Tech In Africa - Jun 13, 2025
Egypt Leads as African Startup Funding Hits $1 Billion Despite Volatility
Between January and May 2025, African startups raised $1 billion in funding, marking a 40% increase
The significant increase in funding for African startups, particularly in Egypt, indicates a growing confidence in the region's tech ecosystem. However, the month-to-month fluctuations suggest that while there is optimism, investors remain cautious. It will be crucial for startups to maintain momentum and address challenges to sustain this growth.
