Cleantech takes the lead as African startups raise $469.9 million in Q1 2025

African startup funding reached $469.9 million in Q1 2025. Cleantech overtook fintech as the most-funded sector, highlighting investor interest in sustainable innovation over traditional African fintech bets.

Yango Group launches $20 Million Venture Fund to empower African startups

Yango Group, a global tech company, has introduced Yango Ventures, a $20 million corporate venture fund aimed at supporting early-stage startups across Africa and other emerging markets. The fund seeks to drive innovation in O2O services, B2B SaaS, and fintech while offering mentorship and strategic support.

Cascador is launching a $2 million fund for its alumni startups 

Founded in 2019, Cascador has supported over 60 entrepreneurs who have collectively raised more than $55 million in capital.

Go Big Partners and 216 Capital Ventures invest in Tunisia’s Juridoc for African expansion

Go Big Partners and 216 Capital Ventures invest in Tunisia’s Juridoc.tn to drive its expansion into the OHADA region, boosting LegalTech innovation across Africa.

LoftyInc secures $43 million first close for new Africa seed fund

The Alpha Fund is designed to build on insights from previous funds. It will focus on seed investments that enable entrepreneurs to build resilient companies and achieve scalable growth.

P1 Ventures closes $50 Million fund to back global companies “made in Africa”

With over $60 million now in AUM, P1 Ventures builds on a year of strong momentum in which it completed its largest-ever deal.

Raenest secures $11M Series A investment after processing $1 billion in payments

With this new funding, Raenest aims to deepen its operations in Nigeria while strengthening its Kenyan presence.

Moroccan-startup ToumAI secures €1 million develop powerful CX solutions

ToumAI, an AI-powered customer experience (CX) innovator, has secured €1 million in pre-seed funding, led by Launch Africa

Naked secures $38 million to advance AI-driven Insurance in South Africa

The latest funding builds on Naked’s success in securing $17 million in a Series B round in February 2023.

How African startups raised in 2024

Kenya leads the pack as African startups secure $2.01B in 2024 funding, showing resilience and a shift toward sector diversification

LemFi raises $53 million Series B to fuel European and Asian expansion

LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.

Village Capital invests $150,000 in two female-led startups

The Women in Tech Financing Facility, a joint initiative of Village Capital and Standard Chartered, addresses the funding gap for women entrepreneurs.