African startups secured a total of $391.1 million in publicly disclosed funding in June 2025, showing a significant rebound compared to the $225+ million raised in May 2025. Led by megadeals in fintech, infrastructure, clean energy, and AI, this sharp uptick signals renewed investor confidence in Africa’s innovation economy as it matures beyond early-stage experiments.
Notably, while Egypt dominated fundraising in May—accounting for over 70% of the capital raised—it secured only $5.8 million in June.
A total of nine countries recorded notable deals, with Senegal, Kenya, South Africa, and Djibouti topping the funding charts.
Senegal Leads with $147 Million
Senegal emerged as the top funding destination, thanks largely to Wave, the mobile money powerhouse, which secured a massive $137 million debt financing round. This funding—led by Rand Merchant Bank and backed by BII, Norfund, and Finnfund—will support Wave’s expansion in West Africa.
Senegal’s total was boosted further by IFC’s $10 million investment in Kera Health, a startup offering digital wellness solutions.
Kenya Draws $92 Million Across Multiple Sectors
Kenya maintained strong momentum, attracting $91 million across several high-impact startups:
- Burn got $80 million from the Trade and Development Bank Group (TDB Group) to scale operations in Mozambique, the Democratic Republic of the Congo (DRC), and Zambia.
- Peach Cars raised $11 million in Series A funding to expand its online vehicle marketplace and Persea Oil got $1 million.
South Africa Secures $62.1 Million in CleanTech and AI
South Africa brought in a combined $57.3 million, fueled by energy and deep tech plays:
- Wetility raised $27.8 million for solar power deployment in homes and businesses.
- Nile secured $11.3 million to digitize agri-supply chains
- MyNextCar Secured $10.0 million to accelerate affordable mobility and employment
- Others include Zero Carbon Charge ($5.5 million), Salus Cloud ($3.7 million), WeThinkCode ($2 million) and Open Access ($1.8 million)
These deals underscore South Africa’s strength in combining infrastructure and innovation.
Djibouti Joins the Top Four with $60 Million
Djibouti-based Wingu Africa raised a striking $60 million to expand its cloud and data centre infrastructure across East Africa. This marked Djibouti’s first major VC headline of the year and reflects growing investor interest in Africa’s digital backbone.
Tunisia Secures $12.5 Million Boost in Deep Tech and Climate Innovation
Tunisia’s Thundercode closed a $9 million seed round. Focused on AI-powered software testing, the deal was led by Silicon Badia, Janngo Capital, Titan Seed Fund and other deep tech-focused VCs, highlighting North Africa’s emerging status in the continent’s innovation narrative.
Kumulus Water, a Franco-Tunisian climate tech startup turning air into drinking water, raised $3.5 million in seed funding to accelerate its mission of providing sustainable, decentralized water access to underserved regions
Egypt, Ethiopia, Ghana & Nigeria Wrap Up with Strategic Rounds
- Egypt’s Octane raised $5.2 million to streamline fleet management through embedded payments while Nowlun raised an additional $0.6 million
- Ethiopia’s BetterAuth closed a $5 million seed round to accelerate its product roadmap and scale its infrastructure offerings.
- Ghana’s Complete Farmer raised $2.5 million to expand agritech while Liquify secured $1.0 million for invoice financing solutions targeting SMEs.
- Nigeria, despite its history as Africa’s top destination for startup capital, saw relatively modest activity with $3.2 million raised by startups including PaidHR ( $1.8 million), Salpha Energy ($1.3 million), and Hizo ($0.1 million).
Funding Breakdown by Country – June 2025
| Country | Funding Raised (USD) |
|---|---|
| Senegal | $147 million |
| Kenya | $92 million |
| South Africa | $62.1 million |
| Djibouti | $60 million |
| Tunisia | $12.5 million |
| Egypt | $5.8 million |
| Ethiopia | $5 million |
| Ghana | $3.5 million |
| Nigeria | $3.2 million |
| TOTAL | $391.1 million |
June vs May 2025: A Major Jump
After a cooling period in May, June’s 74% increase in funding highlights renewed interest from both local and international investors. The presence of larger debt and hybrid rounds—like those of Wave and Wingu Africa—shows that African startups are moving beyond seed-stage equity into more structured financing.
Final Thoughts
The $391.1 million raised in June 2025 marks a significant revival in Africa’s startup funding landscape. With strong showings from Senegal, Kenya, South Africa, and Djibouti, and growing activity in countries like Tunisia and Ethiopia, the African tech ecosystem is once again on an upward trajectory. If this momentum holds, the continent is on track for a record-setting second half of the year.
