Startups across Africa raised more than $1.4 billion in the first half of 2025 through deals valued at $100,000 or more, excluding exits.
June stood out as the most successful month so far this year, accounting for $365 million in funding.
The average monthly funding for H1 2025 now stands at $237 million—an increase from $187 million in 2024 and significantly up from $133 million in H1 2024.
This represents a robust 78% year-on-year growth compared to the $800 million raised during the same period last year.
The current performance also closely matches H2 2024’s total funding of $1.4 billion, with only a slight decline of 1.5%.
Kenya:
Kenya has remained a stronghold for innovation and capital attraction. Notable deals include:
- BasiGo: Raised $42 million to expand its fleet of electric buses and support green mobility in urban transport.
- PowerGen: Secured $50 million to scale its renewable energy infrastructure across the region.
- M-KOPA: Landed a $51 million loan to enhance digital connectivity and further its financial services offering.
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M-KOPA continues to lead in financial inclusion having reached five million customers across five African countries, becoming the first Kenyan fintech to hit the ceiling.
Its pay-as-you-go model enables low-income households to afford solar energy systems through small, flexible payments.
So far, over 750,000 homes in East Africa have been connected to solar power. Impressively, the company maintains a loan default rate of just 10%—lower than the average for traditional banks in the region.
Meanwhile, SunCulture raised $12 million to expand its energy and water solutions for smallholder farmers.
Other rising Kenyan startups are also gaining traction:
- Craydel in the education technology space,
- Hisa for democratizing investment access,
- Sukhiba for streamlining agriculture and food distribution.
These ventures reflect the vibrancy and diversity of Kenya’s startup which continues to draw investor confidence.
