When startups grow, they usually multiply. But across Africa, the opposite seems true – fewer deals, yet significantly more money. According to TechCabal, African startups pulled in a remarkable $2.5 billion between June 2024 and May 2025, the highest 12-month funding streak since the early months of 2024. The story isn’t just scale, it's a shift in strategy.
African startups are attracting more capital with fewer but larger investments, pointing to growing investor confidence and ecosystem maturity.
- African startups raised $2.5bn between June 2024–May 2025, the highest in over a year.
- May 2025 alone saw $254m in disclosed funding, a rebound from earlier slowdowns.
- Egypt led with six of the top seven deals, totalling over $330m this year.
- Fewer deals but larger amounts, average funding sizes are rising.
- Proptech emerged strong, led by Egypt’s Nawy, closing a record $75m round.
