What Funding Trends Did African Startups Follow In February African startups raised $2.2 billion in 2024, a combination of equity investments, debt, and grants. this accounted for just 0.6% of the total $275 billion global startup funding, highlighting the massive funding gap between africa and the rest of the world. The african startup ecosystem experienced a substantial capital inflow in february 2025, raising $219 million across various sectors, led by fintech, renewable energy, and ai driven solutions, according to data tracked by launch base africa. last month’s funding closely matches that raised by the continent’s startups in january, reflecting.
African Startups Raised 123 4 Million In July 2023 Eight of the ten startups that raised the most funds are in a ‘big four’ country — nigeria, kenya, egypt, and south africa. of the 42 ventures that raised $10 million or more in 2024, 86 percent were headquartered in a big four market. Research, insights and deal briefings on africa. Thirty eight startups in africa raised about $119 million, in february, through debts, equity and grants. this was revealed by africa: the big deal, which tracks funding of $100,000 and above. In january 2023, 23 african startups raised a little over $70 million across 24 funding rounds. in february, there was a significant improvement, as 44 startups raised more than $675 million in 48 funding rounds. in terms of distribution, south africa and kenya had ten startups represented, nigeria had 9 startups, and egypt had six startups.
African Tech Startups Funding Report Disrupt Africa Set To Release Thirty eight startups in africa raised about $119 million, in february, through debts, equity and grants. this was revealed by africa: the big deal, which tracks funding of $100,000 and above. In january 2023, 23 african startups raised a little over $70 million across 24 funding rounds. in february, there was a significant improvement, as 44 startups raised more than $675 million in 48 funding rounds. in terms of distribution, south africa and kenya had ten startups represented, nigeria had 9 startups, and egypt had six startups. In 2024, african startups raised a total of $2.2 billion through equity, debt, and grants (excluding exits), with $1.5 billion of that coming from equity. african startups raise $1.5b in. African startups raised $408 million between january and february, the highest amount since 2021, when they raised $400 million. according to africa: the big deal, which tracks funding of $100,000 and above, despite raising $119 million in february, they are still on track to have a great year. Africa’s startups raised $2.2 billion in equity, grants, and debt (excluding exits). while this is an impressive figure, it highlights a 25% decrease compared to last year, when startups in africa secured $2.9 billion, according to ‘africa: the big deal.’. The overall funding total was down 8.4 per cent on us$310 million in q1 2023, which had in turn been down 52.3 per cent on the us$650 million raised by startups in the corresponding period of 2023. so the decline continues, yet at least it is slowing, with q1 2023 funding having been down 57.2 per cent on q1 2022.
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