TechBuild: A Quick Look at African Startups Fundraising in June 2022

The month of June saw 42 African startups raise $152.8 million, this was a decline from May which saw 38 startups raise $255.2 million.

North Africa produced 11 startups, 5 startups raised funding from the Southern region, East Africa had 10 while the West African region saw 16 startups secure funding.

Out of the 41 startups, 7 startups announced undisclosed amounts, with one raising a bridge funding. Ghanaian healthtech, Fido raising $30m, making it the biggest disclosed funding for African Startups in June 2022.

Nigeria, Egypt and South Africa continue to dominate their respective region. Fintech (11) raised the most funding.

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