Africa The Big Deal

African startup funding decreased by 6% year-on-year to $1.4 billion in the first half of 2026, with fewer early-stage companies securing venture capital. The largest deal was Spiro's $270 million raise for electric motorcycles, but the number of startups raising $100,000 or more hit a five-year low. Funding remains below the 2022 peak as Silicon Valley investors retreat, though 2025's $3.2 billion total reflected increased activity from other investors.