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After a sluggish March, Africa’s startup funding surged in April 2025, with over 39 startups raising a total of US$343 million—up sharply from the US$50 million recorded in March, according to Techpoint.
This rebound pushes the year-to-date total to US$803 million across 163 deals, representing a 43 percent increase compared to the US$563 million raised during the same period in 2024.
At least 225 investors have participated in deals worth US$100,000 or more this year.
South Africa and Egypt led the charge in April.
Among the top deals was South African healthtech startup hearX, which raised US$100 million through a merger with US-based hearing aid firm Eargo—one of the largest deals on the continent so far in 2025.
Egypt’s Islamic fintech platform Bokra raised US$59 million through a sukuk issuance—an uncommon move for a startup just a year after its US$4.6 million pre-seed round.
Another South African firm, Stitch, secured US$55 million in follow-on funding from existing investors to expand its end-to-end payments solutions across Africa.
Additional notable deals included the acquisition of Egypt’s ADVA by Maseera, Nigeria’s Bankly by C-One, and South Africa’s Peach Payments by PayDunna, signaling growing consolidation in Africa’s tech ecosystem.
While South Africa and Egypt stood out in April, Nigeria and Kenya—traditionally among the top destinations for African startup funding—were less prominent.
Kenya, which led Africa in 2024 with US$638 million raised (29 percent of the continental total), had a quiet month.
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