African startups experienced a significant resurgence in October 2025, securing a total of $441.9 million across 59 deals, a sharp increase from the $139.4 million raised by 63 startups in September.
This represents a 217% month-on-month surge and marks one of the strongest funding rebounds of the year.
The jump in funding signals renewed investor confidence in Africa’s venture capital landscape, driven by mega-rounds, securitized bond issuances, and growing interest in clean energy and fintech.
Although four startups did not disclose their funding amounts, the disclosed totals underscore strong investor appetite heading into the year’s final quarter.
The top 10 startups alone attracted $388.6 million, accounting for 87.9% of total disclosed funding, compared to $112.2 million secured by the top 10 in September.
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According to Nairametrics, investor activity in October remained heavily focused on fintech, which recorded 17 funded startups, followed by logistics with 8, and agriculture with 6.
These sectors continue to anchor Africa’s innovation ecosystem. Geographically, Egypt with 12 startups, South Africa with 9, Nigeria with 8, and Kenya with 8 maintained their lead as the continent’s dominant startup hubs, collectively drawing the majority of venture funding.
The top-funded startups of the month included
— Kuunda from South Africa with $7.5 million in fintech
— Chari from Morocco with $12 million in retail
— Maxwell+spark from South Africa with $15 million in logistics and transport
— Mawingu from Kenya with $20 million in the telecom, media, and entertainment sector
— ValU from Egypt with $23 million in fintech
— Ctrack from South Africa with $23.4 million in logistics and transport
— Tagaddod from Egypt with $26.3 million in waste management
— MNT-Halan from Egypt with $71.4 million in fintech
— Moniepoint from Nigeria with $90 million in fintech
— Spiro from Benin leading the month with $100 million in logistics and transport.
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Image Credit: Culture Banx
