Africa: The Big Deal

$2.2 billion and counting: September update 🧗‍♂️

58 start-ups raised $140m+ last month; the total raised in 2025 to date now exceeds $2.2 billion

Oct 7 • 

Max Cuvellier Giacomelli

5

September 2025

Who is behind Africa's ​Top💯​ Most Funded Start-Ups?

The reign of founding teams, male founders & CEOs, and African CEOs

Sep 29 • 

Max Cuvellier Giacomelli

8

It’s not just about Fintech... - Top💯​ cont'd

The Big Four dominate the charts. Fintech is the most represented sector, but maybe not as much as you'd think...

Sep 23 • 

Max Cuvellier Giacomelli

7

Inside Africa's ​Top💯​ Most Funded Start-Ups

🌟 What does it take to have your star in Africa' Start-up Hall of Fame?

Sep 16 • 

Max Cuvellier Giacomelli

19

1

Slow and steady wins the race - August '25

August was relatively quiet, but the yearly outlook continues to look strong

Sep 8 • 

Max Cuvellier Giacomelli

8

1

August 2025

Two 💰 Billion 💰 Dollars

Start-ups in Africa have already raised more than $2 billion (exc. exits) in 2025

Aug 19 • 

Max Cuvellier Giacomelli

5

1

July 2025 - A lot of debt, but not just

61 start-ups raised $550m last month, crossing (or getting very close to) important milestones

Aug 5 • 

Max Cuvellier Giacomelli

11

July 2025

Fintech strikes back 🦹🏿

But there's more to life than fintech of course

Jul 29 • 

Max Cuvellier Giacomelli

7

All of H1 2025 in one place 🎁

Black Panther 3 exclusive release! 🐈‍⬛ OK, not quite. But still an interesting watch...

Jul 22 • 

Max Cuvellier Giacomelli

4

Same Lineup, Different ranking 🏆

South Africa and Egypt deliver strongest performance in H1 2025

Jul 15 • 

Max Cuvellier Giacomelli

12

It's raining big deals 🌂

H1 2025 saw the largest number of both $10m+ deals and exits since 2022

Jul 7 • 

Max Cuvellier Giacomelli

13

4

Start-ups in Africa raise $1.4b in H1 💰

Another strong month in June helped drive the numbers up and up

Jul 3 • 

Max Cuvellier Giacomelli

10

1