In November 2025, tech startups across Africa secured $162 million in funding, reflecting a deceleration in venture capital investment as the year nears its conclusion.
- In November 2025, tech startups across Africa secured $162 million in funding, reflecting a deceleration in venture capital investment as...
- Information from Africa: The Big Deal, an analytics enterprise that specialises in venture capital for startups across Africa, substantiates this...
- Before that, $105 million, or 75 per cent of the $140 million raised in September, came in the form of...
- It plans to use the additional funds to expand its small-scale solar and battery systems for companies in Southern Africa,...
Keep reading for the full breakdown on African tech startups — everything you need to know is covered below.
Information from Africa: The Big Deal, an analytics enterprise that specialises in venture capital for startups across Africa, substantiates this claim.
Even though it wasn’t the smallest monthly increase of 2025, the $162 million is still 63.3 per cent less than the $442 million that African entrepreneurs raised in October of that year.
Furthermore, it is a 39.2 per cent drop from the $267 million raised in November 2023 and a 32.2 per cent drop from the $252 million raised in October 2024.
This pattern implies that this year’s financing seems to be decreasing over a period usually characterised by increased investment.
Equity accounted for 79% of the $162m raised
Equity financing comprised 79 per cent of the total capital secured, equivalent to approximately $128 million, whereas debt financing represented the remaining 21 per cent. It is worth noting that equity comprised $334 million, or 76 percent, of the $442 million raised the preceding month.
Before that, $105 million, or 75 per cent of the $140 million raised in September, came in the form of equity. In general, this consistency in equity funding signifies a resurgence of investor trust in the industry.
The total for November came from 32 startups that raised at least $100,000. Additionally, this is less than the $100,000 or more raised by 53 startups in October.
Just six of these 32 startups raised $10 million or more, compared to 16 that raised $1 million or more. South Africa is the best-performing nation of the month because four of these businesses are based there.
Top tech companies
South African solar electricity company SolarSaver leads the industry, having secured $60 million in equity capital from Inspired Evolution’s Evolution III Fund, supported by Dutch development banks FMO and Swedfund.
Through power-purchase and rent-to-own contracts, the company, which constructs, owns, and runs rooftop and on-site energy systems, provides customers with electricity.
It plans to use the additional funds to expand its small-scale solar and battery systems for companies in Southern Africa, including its main markets of Namibia, Zambia, Botswana, and South Africa.
Then follows nextProtein, an agritech startup based in Tunisia that raised $21 million in a series B funding round.
Existing investors Mirova, RAISE Impact, Societe Generale, CIC Paris Innovation, and Banque Des Start-up by LCL participated in the round, which was co-led by British International Investment and Swen Capital’s Blue Ocean Fund.
nextProtein manufactures plant fertilisers and protein powders for fish and cattle. With the new investment, the startup will be able to expand its production capacity and scale its operations, including opening a second, cutting-edge production facility in Tunisia.
SolarX, a West African solar energy firm that raised €15 million in November, is next in line. Customers in agroprocessing, packaging, telecommunications, hotels, cosmetics, and other industries can minimise their energy expenses and dependency on fossil fuels by using SolarX’s energy solutions.
The AFRIGREEN Debt Impact Fund spearheaded the round, with assistance from E3 Capital, FMO, Proparco, and Triple Jump. Refinancing of current assets and investments in new power plants in Côte d’Ivoire, Senegal, Mali, and Burkina Faso will be made possible by the facility, which consists of a short-term and a long-term tranche.
Omnisient, a South African fintech that raised $12.5 million in a Series A round in the month under review, is the first of just two fintechs in the top 6. Banks and insurers can extract new consumer insights from alternative data by using Omnisient, an AI-powered data collaboration platform.
TransUnion is co-leading the round, which will hasten the company’s international growth, including in the United States, where there is a growing need for privacy-safe alternative data to score and onboard thin-file and credit-invisible customers.
South Africa-based Lula, the other fintech in the lineup, raised $10 million in November. The International Finance Corporation (IFC), a division of the World Bank Group, spearheaded the round.
At least 80 per cent of the funding will go to micro and small businesses, which are the backbone of the South African economy, and the new funding will help the digital lending company unlock working capital for thousands of MSMEs in the country.
SwiftVEE, a South African agritech startup that raised $10 million in a Series A round, is the last company on the list. With assistance from Zire Africa and additional angel investors, Cape Town-based venture capital firms HAVAIC and Exeo Capital spearheaded the round.