African startups collectively secured $1.35 billion in funding during H1 2025, a 78% surge from the $800 million raised in the same period last year.
- African startups raised $1.35 billion in H1 2025, a 78% increase from the same period in 2024.
- June 2025 was the strongest funding month in nearly a year, with $365 million secured.
- Monthly fundraising exceeded $250 million four times in H1 2025, averaging $237 million per month.
Startups across Africa raised $365 million in June, making it the continent’s strongest funding month in nearly a year and capping a robust first-half (H1) performance in 2025.
According to new data from Africa: The Big Deal, African startups collectively secured $1.35 billion in funding during H1 2025, a 78% surge from the $800 million raised in the same period last year.
The June upswing represents more than just a one-month rally. 2025 has seen consistent momentum, with monthly fundraising crossing the $250 million threshold four times already, a notable departure from the sluggish investment climate of early 2024. The average monthly funding in H1 2025 now stands at $237 million, up from $133 million in H1 2024 to $187 million across the full year.
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The current performance also puts H1 2025 nearly on par with H2 2024’s total of $1.37 billion, with only a marginal 1.5% decline — showing a level of sustained investor confidence not seen in recent years.
Equity deal flow rebounds
Equity investments accounted for $950 million in H1 2025, representing a 79% increase from H1 2024. While the figure trails H2 2024’s equity haul by a modest 7%, it reflects a strong rebound in venture capital appetite across African markets, particularly in sectors like fintech, health tech, and logistics.
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Debt financing sees surge
Debt funding, which appeared to lag in early 2025, saw a dramatic turnaround in June. The month closed with $227 million in announced debt deals, the highest monthly figure in more than two years. Senegal-based fintech company Wave alone accounted for $137 million of that total.
Thanks to this late push, total debt funding in H1 2025 hit $400 million, a 55% increase over H1 2024, effectively matching H2 2024’s debt inflow.
