Africa’s tech ecosystem recorded a strong resurgence in April 2025, with startups across the continent raising a total of $343 million in disclosed deals above $100,000.
This marks a sharp rebound from a slower March and positions April as the second-best month of its kind on record, trailing only the funding boom of April 2022.
The April tally represents a remarkable 4.5-fold increase from the same month in 2024, indicating a renewed sense of optimism among investors. A total of 39 startups secured funding during the month, driven in large part by a handful of big-ticket deals.
South African healthtech company hearX led the way with a $100 million transaction through its merger with U.S.-based Eargo. The cross-continental deal is the first “mega deal” of the year and underscores growing ambition in the hearing health market.
In Egypt, Bokra, an Islamic fintech platform, raised $59 million via a sukuk issuance—a rare and impressive feat for a company that raised just $4.6 million in a pre-seed round one year ago.
Another major deal came from Stitch, a South African payments infrastructure provider, which secured $55 million from existing investors to scale its end-to-end payments solutions.
On the exits front, at least four were recorded in April—three involving fintechs. Egypt-based ADVA was acquired by UAE’s Maseera, Nigeria’s Bankly was bought by investment firm C-One Ventures, and South Africa’s Peach Payments acquired PayDunya to expand its footprint into Francophone West Africa.
Cumulative funding between January and April 2025 now stands at $803 million across 163 startups, up 43% from $563 million during the same period last year. The number of startups receiving funding has also increased from 147 to 163 year-over-year. In total, at least 225 unique investors have participated in $100k+ deals so far in 2025.
Analysts suggest that this is more than just a fleeting recovery. With $1.3 billion in fresh capital raised by Africa-focused VC funds since early 2024—including Janngo Capital (gender lens), Airnergize Capital, Verod-Kepple Africa Ventures, Saviu’s Fund II, and LoftyInc Capital—the foundations for long-term momentum are in place.
While it’s still early in the year, the signals are promising. Investors remain cautious but see potential in the continent’s tech scene. As the African startup ecosystem continues its marathon, April’s performance proves it’s a good time to be running.
