Weekly Deals Roundup: Egypt Leads by Deal Count as Kenya Lands the Week's Largest Raise
Africa's startup ecosystem recorded six funding deals and one acquisition this week, with $6.845 million in disclosed funding announced across Egypt, Kenya and Zambia.
While Egypt accounted for four of the six funding announcements, the country's dominance came largely through smaller transactions, including three grant awards. The week's largest disclosed round came from Kenya, where Peach Cars secured $4 million in debt financing.
By the Numbers
- 6 funding deals
- 1 acquisition
- $6.845 million in disclosed funding
- 3 funding instruments: Equity, Debt and Grants
- 50% of the startups are led by women
Country Breakdown
🇪🇬 Egypt
Egypt recorded the highest number of funding announcements this week, accounting for four of the six deals.
The deals include:
- Fincart — $2.8 million Seed round
- PraxiLabs — $20,000 grant
- Up-Fuse — $15,000 grant
- Kennah — $10,000 grant
Although Egypt led by deal count, none of its rounds surpassed Kenya's largest raise.
🇰🇪 Kenya
Kenya announced the week's largest disclosed funding round.
Peach Cars secured ~$4 million in debt financing, underscoring the increasing role of debt as a viable source of growth capital for African startups.
🇿🇲 Zambia
Zambia also featured in this week's funding activity as Mightyfin raised an undisclosed amount of funding from Chui Ventures to continue to advance financial inclusion in the country and beyond.
Acquisition
Beyond fundraising, the ecosystem also recorded one acquisition.
Zedcrest Group acquired Leatherback, adding another notable exit to Africa's growing technology ecosystem.
Four Things That Stood Out
🇪🇬 Egypt dominated by deal count
Egypt accounted for four of the week's six funding announcements, reinforcing the country's growing startup activity. However, Kenya secured the week's largest disclosed funding round.
💰 Financing is evolving
This week's funding activity reinforces a broader trend: alternative funding sources — particularly debt — are steadily becoming part of the mainstream funding mix for African startups.
Alongside equity, startups continue to access growth capital through debt and grants, reflecting a more diversified financing landscape.
🚪 Exit activity remains active
While funding continues to dominate headlines, Zedcrest Group's acquisition of Leatherback is another reminder that exit activity is gradually becoming a more visible part of Africa's startup ecosystem.
As more startups mature, acquisitions are likely to play an increasingly important role in liquidity, consolidation and long-term ecosystem growth.
Female founders were well represented
Five of the six startups that announced funding this week have at least one female founder, making it one of the strongest weeks for female founder representation in recent months.
Even more notably, half of the funded startups were founded entirely by women—a sharp contrast to previous weekly roundups, where female founders featured far less prominently.
While it's too early to call this a sustained trend, this week's activity shows that women-led startups continue to build and attract capital across multiple sectors and funding instruments.
The Week in Summary
Egypt led the continent by deal count, while Kenya recorded the week's largest disclosed funding round. Alternative funding sources, especially debt, continued gaining traction, and another acquisition highlighted the gradual rise of exit activity across Africa's startup ecosystem.
Women founders featured prominently, with five of the six funded startups having at least one female founder and half of them led by all-women founding teams.
Explore every funding deal, acquisition, investor and company milestones on Klari