From January to April 2025, investments in African tech corporations reached $803 million. Here’s a 43% increase in comparison with the $563 million raised during the same time in 2024.
In April alone, startups bought about $343 million, making it one of the busiest April ever, handiest behind April 2022.
According to The Substantial Deal, 39 startups bought a minimum of $100,000 in equity, grants, or loans in April. When combined with the first three months of 2025, a total of 163 tech startups bought funding to this point this one year.
These numbers attain no longer include money made when investors promote their shares. As an instance, Silverback Holdings supplied its shares in Lemfi and earned a in point of fact excessive return of 2,900%.
Alitheia Capital and Goodwell Investments additionally made a hit sales. When Baobab Nigeria became bought, investors made 300% of their investment in the microfinance financial institution.
Listed below are some of the African startups that raised the most money in 2025:
HearX — $100 Million
HearX, a well being tech company from South Africa, made the splendid deal in 2025. It raised $100 million in April via a merger with American hearing reduction maker Eargo.
The funding got here from Affected person Sq. Capital, a US enterprise capital fund. HearX started in 2015 and is well-known for its hearing aids that work with smartphones, making hearing care more straightforward for so much of folks.
Bokra — $59 Million
Bokra is a recent fintech company in Egypt. It raised about $59 million via a Sukuk, which is an Islamic bond, with a seven-one year timeframe. Bokra worked with Aman Undertaking Finance for this. The money will be passe to give loans to petite and medium businesses in Egypt.
Even though Bokra handiest bought its fintech license in 2024, it has raised about $63.6 million in total, including $4.6 million in early funding passe to originate its app.
Stitch — $55 Million
Stitch, another fintech from Egypt, raised $55 million in a Series B funding spherical. Stitch presents fee tools cherish APIs and online fee products and providers.
Since 2022, Stitch has raised $101 million. The latest funding became led by QED Investors and included Norrsken22 and Flourish Ventures.
Lemfi — $fifty three Million
Lemfi is a Nigerian startup that raised $fifty three million in January. Even though primarily based fully mostly in the US, Lemfi helps Nigerians living in a international country send money home.
It reached $1 billion in month-to-month transactions by January 2025. Lemfi’s CEO, Ridwan Olalere, acknowledged the company plans to construct bigger to recent countries.
PowerGen — $50 Million
PowerGen is an vitality skills company that raised $50 million in January during a Series C spherical. It works in Kenya, Nigeria, Sierra Leone, and the Democratic Republic of Congo (DRC).
The company plans to utilize the money to invent renewable vitality initiatives totaling 120 megawatts all over Africa.
Bare Insurance — $38 Million
Bare Insurance, an insurtech company from South Africa, raised $38 million in a Series B2 funding spherical. This followed $17 million raised in 2023.
The recent funds will be passe to strengthen AI automation and increase marketing. The funding spherical became led by BlueOrchard, an American investment agency, with help from IFC and Germany’s DEG.
Gozem — $30 Million
Gozem is the first tech company from a French-speaking African country to be on this checklist. It raised $30 million in February via a Series B spherical. The funding became split equally between equity and loans. Gozem started as a moto-taxi service in Togo in 2018.
Since then, it has expanded to Benin, Cameroon, and Gabon. The money will be passe to get more autos for drivers and begin its digital banking app known as Gozem Cash.
Enko Education — $24 Million
Furthermore from Togo, Enko Education raised $24 million in January. Enko runs 16 colleges in 10 African countries.
Their intention is to prepare 20,000 college students for faculty by 2029. The funding became led by Adiwale Fund I and Africa CapitalWorks (ACW).
Khazna — $16 Million
Khazna, a fintech company from Egypt, raised $16 million in a pre-Series B spherical. It presents products and providers cherish salary advances, digital funds, and petite loans to low- and center-income staff in Egypt.
