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# African Startups Raise $365M in June, Totalling $1.4B in H1 2025
- URL: https://www.startup.africa/african-startups-raise-365m-in-june-totalling-1-4b-in-h1-2025/
- Published: 2025-07-04T08:35:36.000Z
- Updated: 2025-07-25T10:58:53.000Z
- Author: Lungile Msomi
- Tags: Deal Archive, #archive-deal, Dealflow

African startups raised [$365 million in funding](https://thebigdeal.substack.com/p/h12025?utm%5Fsource=post-email-title&publication%5Fid=308711&post%5Fid=167362397&utm%5Fcampaign=email-post-title&isFreemail=true&r=5det1f&triedRedirect=true&utm%5Fmedium=email) for the month of June, pushing total funding raised in the first half of the year (H1) to over $1.4 billion. The figures, which exclude exits and count only deals above $100K, mark the fourth month this year in which startups across the continent secured over $250 million. 

The money raised in H1 represents a significant 78% year-on-year increase compared to H1 2024, when startups raised just $800 million. It also makes H1 2025, almost on par with H2 2024, which saw $1.4 billion raised, a marginal 1.5% decline on a half-on-half basis. 

[African Startups Raise $254M in May 2025 | Tech AfricaAfrican startups raised $254M in May 2025, pushing YTD funding past $1B. Egypt led deals, followed by South Africa, Nigeria and Kenya.![](https://storage.ghost.io/c/c2/50/c250459f-583a-4038-a1bf-9aa5491ac654/content/images/icon/Start-up-Icon-60X60-Black-01.png)Startup.AfricaLungile Msomi![](https://storage.ghost.io/c/c2/50/c250459f-583a-4038-a1bf-9aa5491ac654/content/images/thumbnail/Tech-Africa-Articles--42--1.jpg)](https://www.startup.africa/african-startups-secure-254m-in-may-2025-topping-1b-ytd/)

## **Equity Up, Debt Rebounds in June**

Of the total raised in H1 2025, $950 million came from equity deals, a 79% increase compared to H1 2024\. However, this figure is slightly lower (7%) from H2 2024\. 

[Debt funding](https://www.startup.africa/equity-vs-debt-funding-for-startups-safes-valuation-dilution-explained/) had shown a weaker trajectory earlier this year, totalling $177 million by end of May, a decline from the $225 million raised during the same period. June, however, reversed the trend with $227 million in debt funding announced, led by [Wave’s $137 million raise](https://www.startup.africa/wave-secures-eu117m-to-expand-mobile-money-in-africa/).

As a result, total debt funding for H1 2025 increased to $400 million, reflecting a 55% increase compared to H1 2024.