In Q1 2025, African tech startups secured $284 million across 55 deals, reflecting a continued stagnation in funding levels. This marks an 8.4% decline from the $310 million raised in Q1 2024 and a 49.1% drop in the number of funded startups compared to the same period last year. Despite hopes for a rebound following significant late-2024 rounds for companies like Moniepoint and Yellow Card, the latest figures suggest the “funding winter” persists. Notable Q1 2025 deals include Nigeria’s LemFi, South Africa’s Naked, and Togo’s Gozem. The data indicates that while the rate of decline is slowing, substantial recovery remains elusive.
Thursday, April 17, 2025 - 22:25:35
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