Startup

African Startups Secured $441.9 Million in October 2025, Marking a 217% Surge From September

November 15, 2025

Ovie George

3 minutes read

Africa’s tech and innovation ecosystem experienced a major rebound in October 2025, attracting $441.9 million across 59 transactions. This represents a massive 217% month-on-month increase from the $139.4 million recorded in September, signaling a resurgence in investor activity as the year draws to a close.

The funding spike was fueled by large investment rounds, securitization deals, and robust interest in fast-growing sectors such as clean energy, fintech, logistics, and digital infrastructure.

Top 10 Deals Dominate With 87.9% of Total Funding

Although four startups kept their funding amounts private, disclosed numbers point to heavy concentration among the largest raises.

The top 10 funded startups accounted for $388.6 million, or 87.9% of all disclosed capital, significantly higher than the $112.2 million raised by the top 10 in September.

Fintech, Logistics, and Agriculture Remain Investor Favorites

Key sectors continued to attract the bulk of investor interest:

Fintech: 17 startups
Logistics: 8 startups
Agriculture: 6 startups

Fintech retained its lead due to growing demand for digital payments, credit access, and embedded finance solutions across the continent.

Egypt, Nigeria, Kenya, and South Africa Maintain Leadership

Venture funding remained concentrated in Africa’s major hubs:

Egypt – 12 startups
South Africa – 9 startups
Nigeria – 8 startups
Kenya – 8 startups

These ecosystems continue to dominate due to strong markets, regulatory improvements, and rising investor familiarity.

Major Funding Rounds That Shaped October 2025

Below are the standout deals that contributed to the month’s impressive funding totals:

Kuunda – $7.5M Pre-Series A (Fintech)

Backed by Portugal Gateway Fund, Seedstars Africa Ventures, 4Di Capital, and others.
The company enables liquidity for micro-merchants and digital agents, with plans to expand from East Africa into MENA.

Chari – $12M Series A (Morocco, B2B Retail)

Co-led by SPE Capital and Orange Ventures.
Funds will accelerate its BaaS rollout and enhance retail supply chain operations in Francophone Africa.

maxwell+spark – $15M Series B (Green Energy)

Led by Klima and Alantra’s Energy Transition Fund. The startup builds modular lithium-ion battery systems designed to replace diesel-powered engines.

Mawingu – $20M Series C (Kenya, Connectivity)

Led by Pembani Remgro Infrastructure Managers. The capital will help connect 1 million underserved East Africans by 2028.

ValU – $23M Securitised Bond Issuance (Egypt, Consumer Finance)

Part of an extensive EGP 10 billion securitisation program arranged with EFG Hermes.

Ctrack – $23.4M Venture Round (South Africa, Telematics)

Funded by Sanari Capital and 27four Investment Managers. Supports expansion of advanced fleet management and smart transport analytics.

Tagaddod – $26.3M Series A (Egypt, Cleantech)

Led by The Arab Energy Fund. Will scale production of renewable feedstocks for global sustainable fuel industries.

MNT-Halan – $71.4M Securitised Bond (Egypt, Fintech Unicorn)

Part of a broader EGP 8 billion ($168M) securitisation plan. Strengthens lending operations and regional expansion.

Moniepoint – $90M Venture Round (Nigeria, Fintech)

Backed by Visa, LeapFrog Investments, DPI, and Google for Startups.
The raise boosts Moniepoint’s valuation above $1 billion and accelerates its African growth strategy.

Spiro – $100M Venture Round (Pan-African, E-Mobility)

The largest round of the month and the biggest EV investment in Africa to date.
Funded by Afreximbank’s FEDA and others.
Supports rollout of 100,000 electric motorbikes by the end of 2025, marking a 400% YoY scale-up.