Quick Summary:
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African startups raised $391.1 million in June 2025, a 74% increase from May.
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Senegal, Kenya, South Africa, and Djibouti led funding, powered by fintech, AI, and energy deals.
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Notable raises included Wave ($137M), Burn ($80M), and Wingu Africa ($60M).
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The ecosystem is showing signs of maturity with debt and hybrid financing rounds.
African startups secured $391.1 million in publicly disclosed funding in June 2025, marking a 74% increase compared to May’s $225+ million. This surge signals renewed investor confidence, particularly in fintech, clean energy, infrastructure, and artificial intelligence (AI) ventures.
The funding landscape also showed diversification, with nine countries recording notable deals, contrasting Egypt’s dominance in May.
Senegal Takes the Lead with $147 Million
Senegal emerged as June’s top performer, thanks to Wave, a mobile money giant, which raised $137 million in debt financing. The round was led by Rand Merchant Bank, with support from BII, Norfund, and Finnfund.
Additionally, the IFC invested $10 million in Kera Health, a digital wellness startup, further boosting Senegal’s totals.
Kenya Follows with $92 Million Across Sectors
Kenya attracted $91 million in funding, reinforcing its reputation as a hub for high-impact ventures:
- Burn secured $80 million from TDB Group to scale clean cookstove operations across Mozambique, DRC, and Zambia.
- Peach Cars raised $11 million in Series A for its online vehicle marketplace.
- Persea Oil received $1 million for its agribusiness solutions.
South Africa Raises $62.1 Million in CleanTech and AI
South Africa saw a strong showing in clean energy and digital innovation:
- Wetility raised $27.8 million to expand solar deployment.
- Nile received $11.3 million to digitize agricultural supply chains.
- MyNextCar secured $10 million to promote affordable mobility.
Other deals included:
- Zero Carbon Charge – $5.5 million
- Salus Cloud – $3.7 million
- WeThinkCode – $2 million
- Open Access – $1.8 million
Djibouti Breaks Through with $60 Million Deal
Djibouti-based Wingu Africa made headlines with a $60 million raise to expand cloud and data center infrastructure across East Africa—its first major VC-backed deal of the year.
Tunisia Secures $12.5 Million in Climate and Deep Tech
Tunisia stood out in deep tech and climate innovation:
- Thundercode, focused on AI-driven software testing, raised $9 million from top VCs including Silicon Badia, Janngo Capital, and Titan Seed Fund.
- Kumulus Water, a climate tech firm that converts air into drinking water, raised $3.5 million.
Strategic Rounds in Egypt, Ethiopia, Ghana, and Nigeria
Egypt:
- Octane raised $5.2 million for fleet management.
- Nowlun added $0.6 million.
Ethiopia:
- BetterAuth raised $5 million to scale its authentication infrastructure.
Ghana:
- Complete Farmer secured $2.5 million.
- Liquify raised $1 million for SME invoice financing.
Nigeria:
Despite its usual lead, Nigeria recorded modest funding of $3.2 million:
- PaidHR – $1.8 million
- Salpha Energy – $1.3 million
- Hizo – $0.1 million
Country-by-Country Breakdown – 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: Funding Momentum Restored
The 74% jump in startup funding from May to June reflects a maturing African startup ecosystem. The rise of debt and hybrid rounds—as seen with Wave and Wingu Africa—suggests startups are moving beyond early-stage equity toward more structured financing solutions.
Conclusion: A Strong Second Half Ahead?
With June’s numbers showing a major turnaround, the second half of 2025 could be pivotal. Startups across West, East, and North Africa are now attracting bigger capital rounds, indicating continued confidence from global investors in Africa’s digital and sustainable future.