Record-Breaking April: African start-ups secure $343m in funding

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In April 2025, African start-ups raised a total of $343 million through deals worth over $100,000, involving 39 start-ups. This impressive figure marks a solid rebound from March and represents the second-best April on record.

According to the data, funding has increased 4.5 times compared to April 2024, signalling that investors remain confident in the continent’s potential. Several large deals contributed to April’s total, including South African healthtech company hearX securing $100 million through its merger with U.S.-based Eargo.

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“Bolding cross-continent move signals major ambition in disrupting the hearing health market,” the deal demonstrates the growing interest in African start-ups. Egyptian fintech platform Bokra also made headlines, raising $59 million through a sukuk issuance, while South African payments infrastructure venture Stitch secured $55 million in funding from existing investors.

The exit front also saw significant activity, with at least four exits recorded, including the acquisition of ADVA in Egypt by Maseera, investment company C-One Ventures acquiring Bankly in Nigeria, and South Africa-based fintech Peach Payments acquiring PayDunya

The year-to-date numbers are also promising, with $803 million raised by 163 ventures between January and April, representing a 43% increase compared to the same period last year. Moreover, more start-ups are getting funded, and at least 225 unique investors have been involved in deals worth over $100,000 in 2025 so far

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This momentum suggests that 2025 could be a good year for African start-ups, with the potential for a more stable recovery. As one expert noted, “It’s a marathon, not a sprint,” emphasising the need for sustained growth and progress.

Key Highlights:

– $343 million raised by African start-ups in April 2025

– 4.5 times increase in funding compared to April 2024

– 39 start-ups involved in deals worth over $100,000

– $803 million raised by 163 ventures between January and April

– At least 225 unique investors involved in deals worth over $100,000 in 2025 so far

The African start-up ecosystem is showing signs of resilience and growth, with increased funding and investor activity. As the year progresses, it will be interesting to see if this momentum is sustained.

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