Startups across Africa raised a total of 345.9 million in funding this June, marking the highest single-month total in 2025 so far, according to data tracked by Launch Base Africa. This represents a strong rebound from several months of fluctuating investor confidence. While the continent's venture capital scene demonstrated resilience, driven by a surge of clean energy and fintech deals, Nigeria-once the leading tech hub of the continent-experienced one of its worst performances in recent memory.
The 345.9 million secured in June brings Africa's year-to-date total to approximately 1.45 billion, a modest recovery from the capital drought that plagued the continent throughout much of 2023 and early 2024. The surge this month was driven not only by international interest but also by the growing presence of local capital.
In June, African investors accounted for the largest share of participation, contributing to 42 of the total deals. North American investors followed with 25, while European and Asian investors represented 21 and 19, respectively.
This shift marks a pivotal moment in Africa's venture capital landscape. After years of reliance on Silicon Valley and European venture firms, local capital is increasingly stepping in to fill the gap. Analysts attribute this trend to the rise of regional fund managers, development finance institutions, and corporate-backed innovation arms across key markets like Kenya, South Africa, and Egypt.
"As seen in many deals this year, the first check is increasingly coming from African investors," stated an analyst at Launch Base Africa. "This sends a crucial signal to global investors. It helps unlock external capital and shows that the ecosystem is maturing."