Startup funding in Africa
123 funding rounds for startups in Africa were tracked in the last 24 months, raising about €1.6B in total. The largest was Spiro at €281M. Data to 2026-10-12.
123Rounds
€1.6BRaised
See these rounds on the map or search the full table.
Stages
Top sectors
Largest rounds
| Company | Amount | Stage | Date | Source |
|---|---|---|---|---|
| Spiro · Kenya | €281M | Series D+ | 2026-08-15 | link |
| Spiro · South Africa | €232M | Series B | 2026-06-01 | link |
| Moove · Nigeria | €215M | Series C | 2026-08-01 | link |
| Spiro · Nigeria | €185M | Series D+ | 2026-06-01 | link |
| MNT-Halan · Egypt | €70.5M | Debt | 2026-10-02 | link |
| 22 On Sloane · South Africa | €54.2M | Growth/Late | 2026-09-16 | link |
| Jumia · Nigeria | €43.0M | Growth/Late | 2026-08-12 | link |
| Yellow Card · Nigeria | €34.4M | Growth/Late | 2026-08-04 | link |
| Paymob · Egypt | €30.1M | Early VC | 2026-09-21 | link |
| Arc Ride · Kenya | €28.6M | Growth/Late | 2026-09-08 | link |
Most active investors
- International Finance Corporation · 8 rounds
- Madica · 7 rounds
- FINCA Ventures · 5 rounds
- Alliance · 4 rounds
- Resilience17 · 3 rounds
Latest rounds
| Date | Company | Amount | Stage | Source |
|---|---|---|---|---|
| 2026-10-12 | YoLa Fresh · Morocco | €1.7M | Seed | link |
| 2026-10-09 | Vatar Inc. · Nigeria | €430K | Pre-Seed | link |
| 2026-10-09 | Cloud9 · Kenya | n/d | Early VC | link |
| 2026-10-09 | VunaPay · Kenya | €86K | Grant | link |
| 2026-10-09 | Kumbatia Seafood · Kenya | €86K | Grant | link |
| 2026-10-09 | nesti · Kenya | €52K | Grant | link |
| 2026-10-09 | ChatCash · Rwanda | €34K | Grant | link |
| 2026-10-09 | Pollen Patrollers · Kenya | €34K | Grant | link |
| 2026-10-08 | Bujeti · Nigeria | €2.1M | Seed | link |
| 2026-10-08 | WalaPay · South Africa | €4.0M | Seed | link |
| 2026-10-08 | MAM Telecom Ltd · Uganda | €215K | Grant | link |
| 2026-10-07 | Cloud9 · Kenya | €430K | Pre-Seed | link |
| 2026-10-07 | East Africa Foods · Tanzania | €22.4M | Series B | link |
| 2026-10-06 | Family Bank Limited · Kenya | €8.6M | Debt | link |
| 2026-10-05 | Farm to Feed · Kenya | €147K | Grant | link |
| 2026-10-05 | Wuchi Wami · Zambia | n/d | Growth/Late | link |
| 2026-10-05 | Prado Power · Nigeria | n/d | Debt | link |
| 2026-10-05 | Tomato Jos Farming and Processing · Nigeria | €1.7M | Debt | link |
| 2026-10-05 | Cold Solutions Rwanda · Rwanda | €15.5M | Debt | link |
| 2026-10-05 | SORAM Afrique · Senegal | €1.2M | Early VC | link |
| 2026-10-02 | MNT-Halan · Egypt | €70.5M | Debt | link |
| 2026-10-01 | Charikaty · Morocco | n/d | Pre-Seed | link |
| 2026-10-01 | Satlyt · Kenya | €6.9M | Seed | link |
| 2026-09-30 | Ororo Waste Management Limited · Nigeria | €860K | Early VC | link |
| 2026-09-30 | <UNKNOWN> · Kenya | €60K | Grant | link |
Frequently asked questions
- How much funding did startups in Africa raise in the last 24 months?
- Across 123 tracked rounds, startups in Africa raised about €1.6B in total (amounts normalised to EUR). Data runs to 2026-10-12.
- What was the largest funding round for startups in Africa?
- Spiro raised €281M (Series D+) on 2026-08-15, based in Kenya.
- Which investors are most active in startups in Africa?
- By number of tracked rounds: International Finance Corporation (8), Madica (7), FINCA Ventures (5), Alliance (4), Resilience17 (3). Investor names are only available for rounds where the source disclosed them.
- Which sectors raise the most rounds for startups in Africa?
- Fintech (51), Cleantech (20), Agritech (16), AI (13), by number of rounds.
- Where does this data come from?
- Rounds come from the Tech.eu Funding Explorer (Europe, CC BY 4.0), startup news feeds read by an AI model, and SEC EDGAR Form D filings in the US. Europe has the deepest coverage, so totals for other regions are likely understated. Check the linked source before relying on any figure.