Africa: The Big Deal

🇿🇦 South Africa: the (quiet) equity leader

For the third year in a row, South Africa is topping the charts in terms of start-up equity funding on the continent

Nov 10 • 

Max Cuvellier Giacomelli

 and 

Max Cuvellier Giacomelli

9

All key growth indicators are green 💚

After a strong October, start-up funding continues on its upward trajectory

Nov 4 • 

Max Cuvellier Giacomelli

 and 

Max Cuvellier Giacomelli

7

3

October 2025

What's so special about 2025? 🔢​ - cont'd

After looking at sectors and debt last week, we now focus on geography and quite an encouraging upward trend...

Oct 28 • 

Max Cuvellier Giacomelli

 and 

Max Cuvellier Giacomelli

6

2

What's so special about 2025? 🔢​

Taking stock of key trends in terms of start-up fundraising in Africa as we enter the last quarter of 2025

Oct 21 • 

Max Cuvellier Giacomelli

16

2

$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

6

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

2

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

1

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

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

9

1

2

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

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

1