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Blockchain Funding in Africa Falls 26.6%

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Blockchain Funding in Africa Falls 26.6%

Interest in blockchain in Africa declined notably in 2025, reflected in a sharp contraction in investment. According to a new report by Swiss early-stage VC firm CV VC and South African bank Absa Bank, African blockchain startups raised a total of US$90.1 million in funding through 28 deals in 2025, marking a 26.6% year-over-year (YoY) decline in total value from 2024’s US$122.8 million, and a 6.7% decline in deal count from 30 deals in 2024.

This contraction is further illustrated by blockchain’s shrinking share of Africa’s all-sector venture funding. In 2025, blockchain represented just 5.3% of the ecosystem’s total funding value, down 2.7 points from 8% in 2025.

In 2025, South Africa maintained its dominance among African jurisdictions. Companies headquartered in South Africa represented 19.4% of blockchain funding in 2025 at US$17.5 million, and accounted for 25% of deals through seven transactions.

Nigeria follows with a share of 13.8% of blockchain VC funding by headquarters, raising US$12.4 million across six deals, taking a share of 21.4% share of deal count. Kenya accounts for 14.3% of funding value at US$12.9 million, with 14.3% of deals or four transactions.

The data also highlight the significant presence of entities structured offshore, especially those headquartered in the US, the United Arab Emirates (UAE), and the UK. 6% of deals.



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