At the beginning of 2025, Togo is emerging as a significant player in the elite group of African technology hubs that attract investors. As reported by the Africa: The Big Deal platform, this West African nation ranks among the top five countries on the continent where startups have secured substantial funding.
This achievement is largely attributed to a $30 million fundraising round led by Gozem, a Togo-based scale-up specializing in mobility and financial services.
Togo’s impressive standing is particularly noteworthy given the overall decline in funding, with African startups raising only $460 million in the first quarter of 2025, a decrease from $486 million during the same timeframe in 2024.
See more: Togo: 4,262 new businesses created in the first quarter of 2025, a slight decrease
Gozem has successfully captured 6.5% of the total funding volume across Africa. The fundraising, announced in February 2025, has attracted investors such as MSC Group and Al Mada Ventures, aiming to boost its growth in French-speaking regions of Africa.
In this quarter’s rankings, Togo has positioned itself alongside the continent’s major players, including Nigeria, Kenya, South Africa, and Egypt.
