{"id":62760,"date":"2025-10-10T20:14:17","date_gmt":"2025-10-10T20:14:17","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025"},"modified":"2025-10-10T20:14:17","modified_gmt":"2025-10-10T20:14:17","slug":"african-start-ups-secure-140-million-in-september-2025","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025","title":{"rendered":"African Start-Ups Secure $140 Million in September 2025"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>While this amount falls slightly below the average for the year, it aligns closely with the figures raised in September 2024 ($146 million) and surpasses the total raised in September 2023 ($124 million). What\u2019s particularly noteworthy, however, is the number of ventures that successfully raised at least $100k\u2014this figure marked the second-highest of the year, just behind July\u2019s performance.<\/p>\n<p>Breaking down the funding sources, $105 million (or 75%) of the $140 million raised in September came from equity financing. The remaining portion consisted of debt ($32 million) and some grant funding ($3 million). The grants included 16 match-funding grants from DEG Impulse as part of their develoPPP Ventures program for East Africa (further details can be found here and here).<\/p>\n<p>Among the notable equity transactions of the month were the five largest deals, all of which were equity-based. Kredete, a fintech company from Nigeria, raised $22 million in its Series A round. Pura Beverage, a company that has opted for venture capital despite not being a start-up, secured $15 million in Series B funding. In South Africa, identity-tech firm Contractable raised $13.5 million, while Intella, an AI start-up from Egypt, closed a $12.5 million Series A round. Additionally, The Invigilator, an education-tech venture in South Africa, raised $11 million.<\/p>\n<p>September also saw five exits announced. In South Africa, a consortium led by Twofold Capital acquired fintech company TaxTim, edtech firm Rekindle acquired EpiTek, and fintech Street Wallet bought out Digitip. In North Africa, Ora Technologies, a super app start-up in Morocco, acquired logistics start-up Cathedis, and in Egypt, healthtech firm Duaya acquired EXMGO.<\/p>\n<p>Looking at quarterly performance, African start-ups raised $785 million in Q3 2025. This is lower than Q2\u2019s total of $963 million but still represents a significant increase compared to Q1\u2019s $461 million. Compared to the same period in 2024, Q3 2025 is particularly strong, outpacing Q3 2024 ($649 million), Q3 2023 ($496 million), and Q3 2022 ($612 million). To date, start-ups across Africa have raised a total of $2.2 billion in 2025, just $40 million shy of the full-year total raised in 2024.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Lesotho<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. While this amount falls slightly below the average for the year, it aligns closely with the figures raised in September 2024 ($146 million) and surpasses the total raised in September 2023 ($124 million). What\u2019s particularly noteworthy, however, is the number of ventures that successfully raised at least $100k\u2014this figure marked the second-highest [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":62759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[245],"class_list":["post-62760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>African Start-Ups Secure $140 Million in September 2025 - Lesotho<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Start-Ups Secure $140 Million in September 2025\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Lesotho. While this amount falls slightly below the average for the year, it aligns closely with the figures raised in September 2024 ($146 million) and surpasses the total raised in September 2023 ($124 million). What\u2019s particularly noteworthy, however, is the number of ventures that successfully raised at least $100k\u2014this figure marked the second-highest [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-10T20:14:17+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Start-Ups Secure $140 Million in September 2025\",\"datePublished\":\"2025-10-10T20:14:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/10\/sm_1760115832.449028.jpg\",\"keywords\":[\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-start-ups-secure-140-million-in-september-2025\",\"name\":\"African Start-Ups Secure $140 Million in September 2025 - 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