Funded Startups in Africa
South Africa, Egypt, and Kenya collectively account for the majority of the 50 rounds shown, with Johannesburg, Cape Town, Cairo, and Nairobi forming the p…
South Africa, Egypt, and Kenya collectively account for the majority of the 50 rounds shown, with Johannesburg, Cape Town, Cairo, and Nairobi forming the primary deal-flow hubs. Stitch (Cape Town, Series B, $55M, April 2025) is the largest disclosed round in the set; the energy sector — represented by CrossBoundary ($40M, Nairobi), Pele Energy Group ($31M, Johannesburg), and Wetility ($28M, Johannesburg) — accounts for the heaviest disclosed capital. Financial services leads by company count, with rounds ranging from Purple Elephant Ventures' $500K seed (Nairobi) to Djamo's $17M raise (Abidjan).
Pre-seed activity is geographically distributed: Swyft (Douala, $100K), Zaluni (Luanda, $500K), Bus14 (Cairo), and MoneyBadger (Stellenbosch, $400K) all closed pre-seed rounds between February and August 2025, pointing to startup formation beyond the continent's established hubs. Rounds in the dataset run from February through November 2025, with agriculture deals — OKO (Mali), KHULA! (Johannesburg, $7M Series A), and Nile.ag (Centurion, $11M Series A) — spread across the full window.
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Frequently asked
What are the largest disclosed funding rounds in this dataset?
Stitch (Cape Town, Series B) leads at $55M in April 2025, followed by CrossBoundary (Nairobi, energy) at $40M in August 2025, Pele Energy Group (Johannesburg, energy) at $31M in March 2025, and Wetility (Johannesburg, energy) at $28M in June 2025. Mawingu Networks (Kenya, Series C) and Djamo (Abidjan) raised $20M and $17M respectively.
Which cities account for the most funded companies in this data?
Cairo has the densest concentration, with at least 13 companies in the set including Thndr, Money Fellows, enza, and Octane. Cape Town and Johannesburg together host at least 16 South African entries, anchored by Stitch, Pele Energy Group, and AURA. Nairobi contributes around seven or eight companies, including CrossBoundary, HoneyCoin, and Bidhaa Sasa.
Is energy the dominant sector by capital raised?
By disclosed amounts, yes. CrossBoundary ($40M), Pele Energy Group ($31M), Wetility ($28M), and Mawingu Networks ($20M) alone total over $119M in disclosed energy-sector capital across eight energy companies in the set. Financial services has a higher company count — roughly 12 entries — but individual round sizes are generally smaller, with Stitch's $55M Series B as the notable exception.
Are there any growth-stage companies (Series B or later) in this data?
Two Series B rounds appear: Stitch (Cape Town, financial services, $55M, April 2025) and AURA (Johannesburg, information technology, $15M, May 2025). Two Series C rounds also close the window: Mawingu Networks (Nanyuki, energy, $20M, October 2025) and Money Fellows (Cairo, financial services, $13M, May 2025).
Which African markets outside South Africa, Kenya, and Egypt are seeing activity?
Angola (Zaluni, pre-seed, $500K), Cameroon (Swyft, pre-seed, $100K), Tanzania (Wassha, $2M), Rwanda (Ampersand), Ethiopia (Wetruck AI), Mali (OKO, seed), Ivory Coast (Djamo, $17M), and Zimbabwe (PremierCredit, seed, $12M from Harare) all appear in the dataset. Zimbabwe's PremierCredit is notable for closing a $12M seed round, one of the larger early-stage amounts in the set.
What does the pre-seed landscape look like across the continent?
Seven companies closed pre-seed rounds spanning at least five countries: Zaluni (Luanda, $500K), Swyft (Douala, $100K), Akili AI (Cape Town, undisclosed), MoneyBadger (Stellenbosch, $400K), HNDL Fleet Management (Cairo, undisclosed), Bus14 (Cairo, undisclosed), and Egab (Cairo, undisclosed). Disclosed pre-seed sizes range from $100K to $500K, and the rounds are spread across February to August 2025.
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