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African Tech Funding Dips 8.4% in Q1 2025 Amidst Global Capital Constraints
African tech startups raised $284 million in Q1 2025, down 8.4% year-on-year, following a 50%+ funding drop in 2024 to $1.1 billion due to global capital constraints; largest Q1 2025 deals went to LemFi (Nigeria), Naked (South Africa), and Gozem (Togo).
African Tech Funding Dips 8.4% in Q1 2025 Amidst Global Capital Constraints
African tech startups raised $284 million in Q1 2025, down 8.4% year-on-year, following a 50%+ funding drop in 2024 to $1.1 billion due to global capital constraints; largest Q1 2025 deals went to LemFi (Nigeria), Naked (South Africa), and Gozem (Togo).
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