African Startups Secure $162 Million in Funding in November 2025
African startups raised $162 million in funding in November 2025, with 79% of the capital coming from equity investments, according to the reference report, Africa: The Big Deal. This figure is close to the $181 million raised in November 2024 but remains below the $267 million recorded in 2023.
Key Highlights
- A total of 32 companies raised at least $100,000, with 16 startups securing $1 million or more.
- Six companies exceeded the $10 million mark:
- SolarSaver (South Africa, $60 million)
- nextProtein (Tunisia, $21 million)
- SolarX (West Africa, $17.5 million)
- Omnisient (South Africa, $12.5 million)
- Lula (South Africa, $10 million)
- SwiftVEE (South Africa, $10 million)
Notable Events
- Two startups went public in November:
- Fintech Optasia debuted on the Johannesburg Stock Exchange, raising $345 million and reaching a market capitalization of $1.4 billion.
- Fintech Cash Plus entered the Casablanca Stock Exchange in Morocco, raising $82.5 million for a valuation of $550 million.
Year-to-Date Funding
- The total funding since the beginning of the year has reached $2.8 billion, representing a nearly 50% increase compared to the same period last year.
- To surpass the 2023 total, African startups need to raise at least $172 million this month. Given the average monthly funding for 2025 is around $250 million, this goal remains achievable.
