African Startups Secure $93M in August 2025 Amid Global Investment Slowdown
In August 2025, 33 African startups raised a total of $93 million across 28 deals, marking a 2.21% decline from July and a 31.37% drop year-on-year. Notably, Nigeria, Kenya, and Egypt led the funding rounds, with fintech and agritech sectors attracting the most attention.
Top Funded Startups:
Koolboks (Nigeria) secured $11 million in Series A funding on September 4, 2025, to expand its solar-powered cooling solutions, addressing the need for sustainable refrigeration in off-grid areas. Hewatele (Kenya) raised $10.5 million on August 19, 2025, to enhance its digital platform offering affordable healthcare services in underserved regions. Poa Internet (Kenya) obtained $4 million in debt financing from Finnfund on August 27, 2025, to expand its low-cost internet services, aiming to bridge the digital divide in rural areas. HoneyCoin (Kenya) secured $4.9 million in seed funding on August 12, 2025, to develop its blockchain-based platform facilitating secure and transparent financial transactions. Complete Farmer (Ghana) raised $5 million in debt funding on August 28, 2025, to deepen its agritech marketplace, connecting farmers with resources and markets. Chowdeck (Nigeria) obtained $9 million in Series A funding on August 11, 2025, to expand its food delivery platform, focusing on local cuisines and delivery efficiency. ValU (Egypt) secured $9.4 million through a securitization bond issuance on August 21, 2025, to enhance its buy-now-pay-later services, catering to the growing demand for flexible payment options. Breadfast (Egypt) raised $10 million in Series B2 funding on July 31, 2025, to scale its on-demand bakery delivery service, aiming to revolutionize the food delivery sector. Ampersand (Rwanda) obtained $10 million on August 15, 2025, to expand its electric motorcycle fleet, promoting sustainable transportation solutions. ikhokha (South Africa) secured $93.3 million on August 5, 2025, to enhance its payment solutions platform, aiming to support small businesses across Africa.
