Recently Funded Startups in Uganda (Nov-2025)
Last Updated: 21-Nov-2025
Uganda’s startup ecosystem continues to show promising growth as it attracts increased investment and innovation across various sectors. Despite the challenges posed by the global economic landscape, the country has witnessed a significant surge in startup activity, particularly in financial services and fintech. This uptrend not only boosts the local economy but also fosters an environment ripe for entrepreneurial ventures that address unique market needs.
As of November 2025, the landscape is increasingly vibrant, with five startups successfully securing funding this year alone, compared to just two last year. This reflects a more dynamic climate for investment opportunities, underpinned by a growing confidence in the ability of Ugandan startups to deliver impactful solutions. Notably, key industries such as financial services and technology are driving this momentum, attracting international attention and capital.
Funding Highlights
- Total number of startups tracked: 16
- Number of startups that raised funding last year: 2
- Number of startups that raised funding this year: 5
- Total funding raised this year so far: $12.84 million
- Largest deal: Furaha, Series Unknown, $10 million
- Top industries by funding amount:
- Financial Services: $10 million
- FinTech, Finance: $1.5 million
- Manufacturing, Automotive, Energy: $1 million
- Top industries by number of deals this year:
- Community, Non-Profit, Family, Healthcare, Education, Agriculture, Environment: 1 deal
- Financial Services: 1 deal
- FinTech, Finance: 1 deal
Full List of Recently Funded Startups in Uganda
| Company | City | Country | Round | Amount | Date | Industry |
|---|---|---|---|---|---|---|
| GOGO Electric | Mulago | Uganda | Venture – Series Unknown | $1,000,000 | 2025-11-06 | Manufacturing, Automotive, Energy |
| Kyamaganda Community Development Organisation | Masaka | Uganda | Pre-Seed | $335,000 | 2025-10-10 | Community, Non Profit, Family, Healthcare, Education, Agriculture, Environment |
| Denebola Technologies | Kampala | Uganda | Seed | unknown | 2025-09-24 | Healthcare, Artificial Intelligence (AI), Technology |
| Premier Credit | Kampala | Uganda | Venture – Series Unknown | $1,500,000 | 2025-09-18 | FinTech, Finance |
| Furaha | Kampala | Uganda | Series Unknown | $10M | 2025-01-24 | Financial Services |
| REXIAL | Kampala | Uganda | Seed | $424.5K | 2024-09-11 | Financial Services |
| Level Africa | Kampala | Uganda | Angel | Undisclosed | 2024-02-19 | Financial Services |
Frequently Asked Questions
Q1. Where can I find recently funded startups in Uganda?
You can explore our full list of startups that raised funding this month above. You can also subscribe to our free plan to get weekly alerts.
Q2. How many startups in Uganda were funded this year and how much did they raise?
Five startups raised funding in Uganda so far this year, totaling $12.84M; the largest deal was Furaha at $10M. Last year 2 startups raised funding and we track 16 startups in Uganda.
Q3. Which industries are trending among recently funded startups in Uganda?
Financial Services leads by funding ($10M), followed by FinTech/Finance ($1.5M) and Manufacturing/Automotive/Energy ($1M). By deal count, Community/Nonprofit/Family/Healthcare/Education/Agriculture/Environment, Financial Services and FinTech/Finance each recorded one deal.
Q4. How can I connect with these startups in Uganda?
You can subscribe to our premium plan for verified CEO and decision-maker contacts.
Q5. What are the best channels to follow or invest in recently funded startups in Uganda?
Follow local startup media, investor newsletters, LinkedIn and demo days; use our platform (we track 16 Ugandan startups) to monitor deals and upgrade for premium contacts and investor introductions.
