A solid third quarter of funding, though less impressive than Q2, means African tech startups have already raised as much US$1.1 billion in the first nine months of 2025 as they did in the entirety of 2024.
Total investment in the African tech startup ecosystem fell by more than 50 percent to US$1.1 billion in 2024, while the number of funded startups declined by more than half, as the impacts of the global capital shortage continued to be felt on the continent.
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 suggested more of the same for 2025. Q1 saw 55 startups secure a combined US$283,925,000.
However, Q2 saw a big boost, with US$426,900,000 raised, and though the US$343.2 million raised in Q3 is less than that, the overall picture with 2024’s funding total matched with three months of the year still to go is brighter.