Sub-Saharan Africa’s Startup Funding: 2025 Trends So Far
25 March 2025•
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Startup funding in Sub-Saharan Africa reached US $109.8 million year-to-date (YTD) as of February 2025, a modest uptick from US $101 million YTD in 2024, but still far off the US $248.9 million YTD in 2023. What’s more striking is the steep decline in deal activity: just 28 deals recorded YTD February 2025, down from 113 in 2024 and 168 in 2023.
Still, a few breakout startups are bucking the trend with sizable raises:
🔹 Naked (InsurTech) – US $37.6M
🔹 Gozem (E-commerce, FinTech) – US $15M
🔹 Mango Network (Blockchain) – US $13.5M
🔹 Furaha (FinTech) and SeamlessHR (AI) also secured key rounds
While overall activity has cooled, these high-value deals suggest that investors are doubling down on quality over quantity.
Author
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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