The Aurora Tech Award has revealed its top 120 female founders for 2025. Nigeria leads with 21 founders, the highest number from any country. A total of 2,018 applications came from 116 countries. Brazil and the U.S. follow, with Egypt close behind.
This year’s list shows Nigeria’s growing influence in tech. “The Aurora Top 120 highlights women building bold, innovative businesses,” said Isabella Ghassemi-Smith, head of the Aurora Tech Awards.
The award saw more support from venture capitalists. VC partners grew from 23 to 35, with new firms from Egypt, Brazil, and Pakistan. Healthtech, agrotech, edtech, and e-commerce led the sectors.
Global female entrepreneurship is on the rise. The Global Entrepreneurship Monitor (GEM) reports women’s startup activity grew from 6.1% (2001-2005) to 10.4% (2021-2023) in 30 countries. In developing economies, 17% of working-age women are entrepreneurs, and 35% aspire to be.
In Africa, venture capital funding reached $6.5 billion in 2022, up from $1.3 billion in 2020. Female-led startups generate more revenue per dollar of funding, according to BCG. They earn 78 cents per dollar, compared to 31 cents for male-led businesses.
Women’s businesses boost economic growth and inspire future generations. ProMujer reports that female entrepreneurs strengthen communities and create long-term impact.
The finalists will be announced in February 2025. Winners will be celebrated at a global ceremony later in the year.