African Startup Funding Soars 240% in 2025, Hitting $289M in January
Funding into the African startup ecosystem surged by 240% year-on-year to reach $289 million in January 2025. Equity financing accounted for over 90% of the total funds raised, translating to $262 million.
40 African startups raised $289m in January 2025
40 startups raised $289 million in January 2025, a 240% increase from January 2024. Equity deals made up 90% of the total investment, amounting to $262 million.
Naked Raises $38M to Redefine South African Insurance
Naked raised $38 million in Series B2 funding, its largest capital raise to date. The funding round was led by BlueOrchard with support from Hollard, Yellowwoods, IFC, and DEG.
Naked secures $38 million to advance AI-driven Insurance in South Africa
Naked secured $38 million in Series B2 funding, its largest capital raise to date. The funding round was led by global impact investor BlueOrchard, with support from Hollard, Yellowwoods, IFC, and DEG.
South Africa Insurtech Naked Raises $38M to Expand AI-Powered Insurance
Naked secured a $38 million Series B2 funding round. Total funding raised by Naked exceeds $69 million.
