Egypt Leads as African Startup Funding Hits $1 Billion Despite Volatility
African startups secured a total of $1 billion in funding between January and May 2025, a 40% rise from the same timeframe in 2024. Funding peaked in January 2025 with $289 million raised but saw a decline to $50 million in March before recovering to $343 million in April.
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.
Thndr powers up with $15.7M to transform retail investing in MENA, sets sights on Saudi Arabia
Thndr raised $15.7 million in a funding round led by Prosus Ventures. The total capital raised by Thndr now stands at $37.76 million.
