African startups attracted almost $590 million in November 2025, driven by blockbuster IPOs and energy investments, with the top 10 startups capturing over 97% of total funding.
Chowdeck Hits 2 Million Users, Showcasing Rapid Growth in Nigerian Food Delivery Market
Chowdeck, Nigeria’s rising food delivery platform, surpasses 2 million registered users and 1 million orders, highlighting strong market adoption and record-breaking Big Black Friday performance.
African Women Tech Founders Surpass $45 Million in Funding by September 2025
Despite a tough investment climate, African female-led startups raised over $45.4 million by September 2025. Here are the women founders who secured $1 million or more this year across sectors including fintech, biotech, agritech, healthtech, and clean energy.
African Startup Funding Plunges to $162M in November 2025 as Investment Activity Slows
Startup funding in Africa dropped to $162 million in November 2025—a sharp 63% fall from October. Equity dominated the month’s deals, with South Africa leading large-ticket investments, including SolarSaver’s $60 million round.
TNP Calls on Nigerian Startups to Leverage Debt Financing for Smarter, Sustainable Scaling
During a Lagos roundtable, The New Practice (TNP) urged Nigerian startups to prioritise debt financing as a disciplined and scalable growth model, spotlighting Payaza’s N40.37bn commercial paper success and Nigeria’s increasingly accessible debt market.
Nigeria’s Startup Funding Climbs to $93.4 Million in October 2025, Rising 130.6%
Nigeria’s startups raised $93.4 million in October 2025, a 130.6% surge driven by Moniepoint’s $90 million round and rising early-stage investments across fintech, clean energy, agriculture, logistics, and edtech.
FG to Launch Two New Startup Funds in 2026 to Boost Nigeria’s Tech and Creative Sectors
The Federal Government of Nigeria will introduce two new startup funds in 2026 under the iDICE programme to support tech and creative entrepreneurs, expanding its $617 million investment drive for young innovators.
Ventures Platform Secures $64 Million First Close for Second Pan-African Tech Fund
Ventures Platform has announced the first close of its $75 million Pan-African Fund II, raising $64 million from investors including IFC, BII, Standard Bank, Proparco, and Nigeria’s iDICE program to back early-stage African tech startups.
Spiro and Moniepoint Lead as African Startups Raise $442 Million in October 2025
African startups raised $442 million in October 2025 — a 216% jump from September. Spiro and Moniepoint led the charge with $100 million and $90 million raises, signaling renewed investor confidence in Africa’s tech ecosystem.
Meta Awards $200,000 to 12 AI Startups from Nigeria, Kenya, Senegal, and South Africa
Meta has awarded $200,000 to 12 AI startups across Nigeria, Kenya, Senegal, and South Africa through its Llama Impact Accelerator 2025, supporting innovative solutions in healthcare, education, agriculture, and public services.