African Tech Startups Raise US$1.1 Billion in First Nine Months of 2025
African tech startups have witnessed a remarkable surge in funding in the first three quarters of 2025. After a significant dip in 2024, investment has rebounded, with Q2 seeing a substantial boost of US$426,900,000. This brings the first watch of the total raised in the first nine months of 2025 to US$1.1 billion, matching the total for the whole of 2024.
The second quarter of 2025 was particularly strong, with US$426,900,000 raised. This was followed by a notable US$343.2 million in Q3, despite being less than the previous quarter. The funding rounds in Q3 included significant deals in clean energy, fintech, healthtech, and e-mobility sectors. Companies like CrossBoundary Energy, Koolboks, Street Wallet, HoneyCoin, Fusepay, HewaTele, and Ampersand were among the beneficiaries. A diverse range of venture equity and growth capital funds supported these startups, although specific investor names were not disclosed.
In the first watch quarter of 2025, 55 African tech startups secured a combined US$283,925,000. This contributed to the overall increase in funding compared to 2024, when total investment fell by more than 50% to US$1.1 billion. The number of funded startups also declined significantly in 2024, indicating a shift in investment patterns.
The African tech startup ecosystem has shown resilience, bouncing back from a significant drop in investment in 2024. The first watch nine months of 2025 have seen a total of US$1.1 billion raised, matching the previous year's total. This rebound is encouraging for the continent's tech industry, with Q2 and Q3 2025 demonstrating strong funding activity across various sectors.
