Hopes that the global funding winter has passed have increased after African tech startup funding increased by 50 per cent quarter-on quarter in Q2.
This was according to the 10th edition of the annual African Tech Startups Funding Report released by Disrupt Africa, which is available free to all as part of an open-sourcing initiative in partnership with Art of Scale.
Significant rounds late last year for the likes of Moniepoint and Yellow Card had provoked hopes of a recovery, yet the figures for the first quarter of 2025 had suggested more of the same for 2025. Q1 saw 55 startups secure a combined US$283,925,000.
Q2, however, is informing a different story. While fewer startups raised capital compared to Q1, 49 as opposed to 55, the total amount raised by those ventures was up 50 per cent to US$426,900,000 from US$283,925,000 in the first three months of the year.
This is a welcome uptick, and means that the first half of 2025 has seen 104 African tech startups raise a combined US$710,825,000, up 34 per cent from US$530 million in the first six months of 2024.
Keep the faith!
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