Senegal Leads Africa’s $345.9M June Funding Surge as Nigeria Falls to Just 4% Share
- Startups across Africa raised a total of $345.9 million in funding in June 2025, marking the highest monthly total for the year.
- Senegal accounted for 43% of the funding volume in June, largely due to Wave's $137.2 million fundraising announcement.
- Local investors contributed to 42% of the total deals in June, indicating a shift in Africa's venture capital landscape.
The recent funding surge in Africa's startup ecosystem highlights a significant shift towards local investment and sustainable sectors. However, the stark contrast between Senegal's success and Nigeria's decline raises concerns about the overall health of the tech landscape in the region. Further analysis is needed to understand the long-term implications of these trends on investor behavior and startup growth.
