SSA's Startup Funding Sees Signs of Recovery in February 2025
As 2025 unfolds, Sub-Saharan Africa’s venture funding is showing early signs of recovery, despite ongoing caution. Total funding reached $109.8M by February 2025, marking an 8.8% year-over-year increase from $101M in February 2024. Yet, deal activity continues its sharp decline—from 168 deals in 2023 to just 28 this year.
This shift reveals a new trend: fewer but significantly larger deals, with average deal size jumping to $3.92M in 2025, signaling investor focus on high-potential startups with strong fundamentals.
Leading the pack is Gozem (Togo), raising $15M in Series B to scale its super app services across West & Central Africa. Mango Network (Seychelles) secured $13.5M to advance its blockchain infrastructure, while Affinity Africa (Ghana) raised $8M to expand fintech solutions for unbanked communities. SupaMoto (Zambia) secured $4.3M for renewable energy and carbon credit initiatives, and Medikea Health (Tanzania) raised $200K to expand telemedicine access.
Despite past funding slowdowns, SSA’s projected 4.2% GDP growth in 2025, coupled with renewable energy momentum, is boosting investor confidence. As fintech, blockchain, and climate-tech investments accelerate, the region is not just recovering—it’s evolving into a stronger, more sustainable ecosystem.
Want deeper insights? Explore SSA’s top startups and funding trends at LucidityInsights.com.
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