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# CHART: African startup funding has crossed the $1 billion-mark for 2025
- URL: https://www.techloy.com/chart-african-startup-funding-has-crossed-the-1-billion-mark-for-2025/
- Published: 2025-06-11T17:04:34.000Z
- Updated: 2025-06-11T17:04:34.000Z
- Description: Funding slowed down slightly in May, but not enough to derail the momentum.
- Author: Kelechi Edeh
- Tags: / Insights, / Startups, / Money

After a strong April, funding in Africa slowed down a bit in May, but not enough to derail the momentum. 

Startups on the continent raised $254 million in disclosed $100k+ deals, according to *Africa: The Big Deal*. That brings the total for 2025 to just over $1 billion, which is already 40% higher than where we were this time last year.

The dip from April’s $343 million wasn’t unexpected, but investors wrote larger cheques in May despite fewer deals. While April had 39 $100k+ rounds and just three deals above $10 million, May saw only 36 $100k+ deals, but seven of them crossed the $10 million mark. That points to more concentrated bets on later-stage companies.

[CHART: African startup funding bounced back in April 2025 — but will it last?Compared to the same time last year, funding is up 4.5x, a sharp reversal of fortune that suggests investor confidence is returning, albeit cautiously.![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/icon/techloy-avatar-1-2253.png)TechloyKelechi Edeh![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/thumbnail/photo-1624555130858-7ea5b8192c49-1)](https://www.techloy.com/chart-african-startup-funding-bounced-back-in-april-2025-but-will-it-last/)

Leading the way was Egypt’s Nawy, which closed a $75 million round ($52 million equity + $23 million debt), marking Africa’s biggest-ever proptech deal. Egypt also produced six of the seven $10M+ raises in May, including Tasaheel ($50M via bond), Valu ($27M), Thndr, Sylndr, and Money Fellows (each $13M+). The only exception was South Africa’s healthtech startup, AURA, which raised $15 million to expand into the U.S.

Three of the four notable exits in May also came from Egypt, including Fatura’s acquisition by MaxAB-Wasoko, a special purpose acquisition company (SPAC) merger involving Qardy, and a merger between wellness startups Miran and Welnes. West Africa wasn’t left out, though, as Baobab+, a solar services company in Senegal, was acquired by BioLite.

So far in 2025, Egypt leads the continent with $330M+ raised, or 31% of the total, followed by South Africa (26%), Nigeria (15%), and Kenya (12%). Beyond the numbers, the shift in how funding is raised, through bonds, venture debt, and blended structures, signals a more mature ecosystem, one that’s learning to fund growth on its terms.

It’s too early to say a full recovery is underway. But for a region where liquidity can make or break a startup’s survival, May showed that capital is still flowing, and that founders and investors alike are adapting. We'll see what June has to offer.

[CHART: Why Africa’s startup funding dropped in Q1 2025March was one of the weakest months for African startup funding since 2020.![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/icon/techloy-avatar-1-2259.png)TechloyKelechi Edeh![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/thumbnail/photo-1600508772927-723e3ba305c5-1)](https://www.techloy.com/chart-why-africas-startup-funding-dropped-in-q1-2025/)