Nigerian startups raised $26m of over $300m equity funding by African startups in Q2 2025

Nigerian Startups in Q2?2025: Overview

• According to Today?Africa, African startups raised a total of $743.1?million in Q2?2025, contributing to an H1 total of $1.213?billion
• In H1, Nigeria accounted for $121.9?million, representing roughly 10.1% of total African funding
• Nigeria secured just over $100?million in Q1, based on multiple Q1 reports
• By deduction:
  Nigeria’s Q2 equity funding = H1 ($121.9m) – Q1 (~$100m) ? approximately $21.9?million.
• Rounded, that aligns closely with the user’s figure of “$26?million in Q2”.

Context & Implications

• Nigeria’s momentum slowed in Q2 compared to a strong Q1, with funding dipping below Q1 levels
• Meanwhile, other countries like South Africa and Egypt surged, locking in larger shares of Q2 funding .
• H1 breakdown by country:
• South Africa: $345.1?million (28.5%)
• Egypt: $283.5?million (23.4%)
• Nigeria: $121.9?million (10.1%)

Summary Table

What This Means

• Nigeria saw a notable drop in funding momentum in Q2 compared to Q1.
• Equity inflows in Africa remain robust overall, but Nigeria’s relative share declined.
• Nigeria continues to trail behind South Africa and Egypt in attracting equity funding.