Egyptian Startups Lead African Funding with $75 Million Proptech Deal

In May 2025, African startups collectively raised $254 million in funding, showing a slight decrease from April but an improvement over March. Year-to-date, investments in the continent's startups have surpassed $1 billion, a 40% increase from the previous year. Over the past 12 months, African startups have attracted $2.5 billion, marking the highest rolling total since the prior year. While fewer deals were made in May, the size of the investments increased, with seven ventures each securing over $10 million. Egypt emerged as the leader, with startups raising more than $330 million this year, representing 31% of Africa's total funding. The largest deal was Nawy, an Egyptian proptech company that secured $75 million, marking the largest proptech deal in Africa's history. Other notable Egyptian deals involved fintech and mobility startups that raised substantial funds. South Africa, Nigeria, and Kenya also contributed significantly to the continent's funding totals. Additionally, May featured four major exit events, including three involving Egyptian companies and one in West Africa.