African startups have collectively raised $1 billion between January and May 2025, marking a 40% increase compared to the same period in 2024.
The year began on a strong note with startup funding at $289 million in January 2025. However, the momentum dropped in the following months, with startups raising $119 million in February, followed by $50 million in March, the lowest so far.
April saw a much-needed rebound with $343 million in funding, hinting at renewed investor interest, however, May has slowed the pace once again with $254 million raised across 39 disclosed deals.
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