African tech startup funding has jumped by 50 percent in the second quarter of 2025, hitting USD 426.9 Million, up from USD 283.9 million realized during the first quarter of the year.
Although, on the other hand, fewer start-ups raised funds, those that did pulled in bigger rounds.
Kenya’s Roam and Keep It Cool have joined forces to launch Africa’s first fully electric cold-chain delivery network, combining solar-powered refrigeration with Roam’s electric motorbikes for cleaner, cooler logistics.
Roam is an electric mobility company developing tailored transport solutions for the African market, while Keep It Cool is redefining food supply chains in East Africa through its smart cold chain platform, Markiti.
Early-stage venture capital firm Rally Cap has partially exited its investment in South African fintech Stitch, following the company’s recent USD 55 million Series B raise.
Egyptian prop-tech startup Nawy has expanded into the GCC with a majority stake acquisition of Dubai-based SmartCrowd.
The deal adds fractional ownership and asset enhancement to Nawy’s existing home financing and brokerage tools.
On the other hand, PUBG MOBILE is doubling down on Africa’s gaming market with local servers now live in Nigeria and South Africa.
It’s also launching regional tournaments and rolling out Africa-themed emotes and game skins.
Engage Capital has placed a USD 24.5 million offer to buy Lipa Later, the Kenyan BNPL startup that went into administration in March 2025 after struggling to generate fresh funding.
Reach for Change, Africa Fintech Foundry, Fate Foundation, Anza, and Ennovate Ventures have been named venture partners for the USD 4 million of Village Capital’s Ecosystem Catalysts Facility, aimed at strengthening early-stage support systems across Africa.
Egypt’s Tactful AI has been reacquired by its founders as the company enters a new chapter focused on scaling. The move positions Tactful to chart an independent growth path with fresh plans for regional and international expansion.
For the new opportunities, Reckitt Catalyst is now accepting applications for its global program supporting health and hygiene startups led by women and underrepresented founders, backed by Reckitt, the Health Innovation Exchange and Yunus Social Innovation.
The initiative offers funding, mentorship and global exposure, with Serena Williams joining as Entrepreneur-in-Residence. Applications are open until August 10, 2025.
Also, Visa has opened applications for the fifth edition of its Africa Fintech Accelerator.
The program offers startups access to tools, mentorship, and industry connections to help scale their solutions.