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January 2025 proved to be a strong month for African startup funding, with 40 startups securing a total of $289 million through $100k+ deals (excluding exits), Africa: The Big Deal latest report revealed.

This marks a significant increase from January 2024, when only $85 million was raised, nearly 3.5 times more. It also ranks as the second-best January for African startup funding since at least 2019, surpassed only by January 2022, a peak period during the global funding surge.

Equity financing dominated the funding landscape, accounting for more than 90 percent of the total at $262 million—4.4 times more than in January 2024. This makes it the second-best January in terms of equity fundraising since 2019.
While the 40 deals recorded this month are fewer than those in 2022, 2023, and 2024, there was a notable increase in large deals.

https://leadership.ng/african-startups-raise-289m-in-january-2025/