Africa’s startup funding rebounds in April 2025, South Africa and Egypt lead
- Africa's startup funding rose to $343 million in April 2025, a significant increase from $50 million in March.
- Year-to-date funding reached $803 million across 163 deals, a 43% increase compared to the same period in 2024.
- hearX, a South African healthtech startup, raised $100 million through its merger with US-based Eargo.
The substantial increase in startup funding in Africa during April 2025 indicates a promising recovery and a shift in investor sentiment. This trend could signal a growing confidence in the continent's entrepreneurial potential, especially with the emergence of innovative funding mechanisms like sukuk. However, the subdued performance of traditionally strong markets like Nigeria and Kenya raises questions about their future competitiveness in the startup ecosystem.
