State of Agtech Investment in Africa 2025
2025 was the first year since we began tracking agtech funding in Africa in which both total funding and number of deals declined. This stands in contrast to the broader African startup ecosystem, where funding volumes and deal flow recorded their first year-on-year increase since 2022.
Drawing on proprietary data from AgBase, powered by Briter, the total funding volume into African agtech was just under $170M in 2025, about 20% less than the $200M in 2024. Our 2025 analysis highlights not just a slowdown in capital, but a shift in its composition. Large equity rounds, once capturing the largest share of agtech fundraising, have become increasingly rare. In 2022, they accounted for more than 70% of total funding volume, but by 2025, their share had dropped below 50%.
Other key takeaways:
- Just 12 companies (fewer than 2%) raised over $50M and captured more than half of all sector funding since 2016, concentrated primarily in Kenya, Egypt, and Nigeria.
- Kenya's share of funding fell from over 50% in 2023–24 to roughly 25% in 2025, with capital spreading to Ghana, Nigeria, South Africa, and Tunisia.
- Commercial investors, VCs, corporates, and banks, quietly re-entered the market in 2025 after pulling back in 2024, but with a fundamentally different playbook.
- Women's participation in deals is rising, yet funding share continues to lag, and the downstream shift in capital risks is widening that gap further.
- Emerging categories tell very different stories. Post-harvest is scaling through infrastructure, ag-biotech through applied products, aquaculture through a handful of large deals, and soil health through donor-backed platforms in East Africa, proof that there is no single agtech investment playbook.
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