African Startups Raised Over $250 Million in May as Egypt Leads The Investment Wave


Start-ups across Africa collectively raised more than $ 254 million in May 2025, a solid rebound in the slow performance recorded in March.
Recall that despite a promising January, the underperformance in March has considerably resulted in figures, because the start-ups raised $ 460 million in the first quarter of 2025.
The funds raised in May, although it is not a record month, contributed to pushing total fundraising for the year to more than a billion dollars, a significant increase of 40% compared to the $ 750 million recorded during the same period in 2024.
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In the past 12 months (June 2024 – May 2025), African start -ups have attracted $ 2.5 billion in funding, the highest number of 12 months since the beginning of 2023 reflecting the growing confidence of investors across the continent.
In total, 36 start-ups made it possible to collect more than $ 100,000 in May (excluding outings), a little less than in previous months, but this was offset by higher median supply sizes. In particular, Seven Ventures has collected more than $ 10 million, led by Nawy in Egypt, which obtained a benchmark of $ 75 million – a mixture of $ 52 million in series led by Partech and 23 million dollars in debt – which made its greatest technology agreement for African accessories.
Egyptian start-ups dominated the first-level financing agreements in May:

Tasaheel (Part of Mnt-Halan) has issued an obligation of $ 50 million companies, the largest to date in Egypt. This issue of obligations is the greatest obligation of companies in the history of Egypt. The bond, noted BBB + per Meris, is structured in two slices. The program is a strategic step for Mnt-Halan to diversify its financing channels and support its next expansion phase.
Assess Obtained $ 27 million from Saudi investors before a scheduled IPO. This capital injection should strengthen Valu’s financial situation and support its expansion plans, in particular its recent approval of the list of Egyptian exchanges, the company is a leading player in the Egyptian consumer finance sector, known for its purchasing services now, paying later (BNPL).
Cairo -based investment platform THANKS collected $ 15 million + in a growth lap. The startup aims to democratize investment in the Middle East region and North Africa (MENA).

Sylndr focusing on mobility Completed a series of $ 15 million A. Funding will be used to accelerate Sylndr’s expansion through Egypt, improve its intelligence, inventory and fintech capacities, and strengthen partnerships with dealers, lenders and service providers.
Scholarship holders closed a C $ 13 million to develop internationally. This round of financing, co-directed by Al Mada Ventures and NCLUDE of DPI, aims to take its digital savings platform outside of Egypt.
The only non-Egyptian aberrant value of the club of $ 10 million was the aura of South African health, which raised 15 million dollars in series B financing, co-directed by Partech and Caif, to support its expansion in the United States.
In terms of classification of countries for the financing of startups in 2025 (excluding outings):
Egypt leads with 31%($ 330 million +) of total funding, followed by South Africa (26%), Nigeria (15%) and Kenya (12%).
Can also see four notable outings, three of which involved Egyptian companies:
Fatura was acquired by Maxab-Wasoko, Miran and Welnes merged, and Qardy was acquired via the very first spac merger in Egypt, valued at around 23 million dollars via Catalyst Partners.
In West Africa, Biolite has acquired majority participation in the Baobab +energy access company, completing a dynamic month of mergers and acquisitions and investment activity on the continent. This strategic disinvestment would allow Baobab + to take advantage of the technological expertise and the operational forces of biolite, accelerating the innovation and the sustainable growth of renewable energy solutions across Africa.
The momentum of the ascending funds suggests that the ecosystem of African startups is recovered not only, but due to a record year, with Egypt at the cutting edge of the continent and the funding of the Renaissance.