Concentration
Four countries hold 81% of disclosed capital
South Africa, Kenya, Nigeria, Egypt account for $39.3B of $48.3B raised by startups with a known HQ.
Funding Index · all years
FundingsUpdated daily
Startup funding in Africa
464 rounds worth $3.9B in 2026 so far, out of 6,976 rounds and $48.3B in total.
- Raised · 2026
- $3.9B
- disclosed
- Rounds · 2026
- 464
- year to date
- All rounds
- 6,976
- tracked
- All raised
- $48.3B
- disclosed
Round
- Seed
- Pre-seed
- Grant
- Venture
- Debt Financing
- Series A
- Non-equity Assistance
- Funding Round
- Series B
- Angel
- Private Equity
- Convertible Note
- Series C
- Corporate
- Equity Crowdfunding
- Post-IPO Equity
- Series D
- Undisclosed
- Pre-Series A
- Investment (round not specified)
- EmFi Series
- Post-IPO Debt
- Series E
- Secondary Market
- Accelerator
- Equity
- Equity investment
- Investment (instrument not disclosed)
- Series Unknown
- Series F
Country
- Nigeria
- Kenya
- Egypt
- South Africa
- Ghana
- Morocco
- Uganda
- Rwanda
- Tunisia
- Côte d'Ivoire
- Senegal
- Tanzania
- Zambia
- Mauritius
- Ethiopia
- DR Congo
- Cameroon
- Algeria
- Mali
- Zimbabwe
- Togo
- Angola
- Sierra Leone
- Malawi
- Somalia
- Mozambique
- Guinea
- Burkina Faso
- Lesotho
- Benin
- Namibia
- Sudan
- Seychelles
- Botswana
- Libya
- United States
- Madagascar
- Liberia
- Congo
- Gabon
- Mauritania
- Eswatini
- France
- Canada
- Djibouti
- United Arab Emirates
Sector
- Financial Services
- Health Care
- FinTech
- E-Commerce
- Energy
- AgriTech
- Agriculture
- EdTech
- Transportation
- Logistics
- Education
- Information Technology Services
- Renewable Energy
- Artificial Intelligence
- Manufacturing
- SaaS
- Banking
- Marketplace
- Advertising
- Finance
- Insurance
- Automotive
- Big Data
- Human Resources
- Software
- Biotechnology
- Retail
- Health
- Food and Beverage
- Payments
- Information Technology
- HealthTech
- Gaming
- PropTech
- InsurTech
- Digital Health
- Blockchain
- E-Learning
- Consumer Goods
- Internet
Capital raised by month
$3.9B↗ +9% vs same months 2025
DecFebAprJunAugOct
SLA Funding Index · Oct is partial
Capital by round type
17%Debt Financing · largest share
Debt Financing$8.3B
Venture$5.2B
Series B$4.2B
Series A$4.2B
Post-IPO Debt$4.1B
Series C$3.6B
SLA Funding Index · every round we track
Capital by country
29%South Africa · largest share
SLA Funding Index · every round we track, by startup HQ
Latest rounds6,976 · newest first
| Startup | Amount |
|---|---|
AcecoreRenewable EnergyEquity-free prize · Nigeria | $10K30 Oct 2026 |
CYTOFinTech · LuandaAngel · Angola | $40K29 Oct 2026 |
 School MonitorEdTech · KampalaGrant · Uganda | $10K29 Oct 2026 |
 Okra SolarSolar Energy · LagosDebt Financing · Nigeria | $7M29 Oct 2026 |
Vetkoek StudiosGaming · JohannesburgGrant · South Africa | Not disclosed28 Oct 2026 |
Weza Interactive EntertainmentGamingGrant · Kenya | Not disclosed28 Oct 2026 |
GazuntypeGaming · LagosGrant · Nigeria | Not disclosed28 Oct 2026 |
Deluxe Entertainment StudiosGamingGrant · Nigeria | Not disclosed28 Oct 2026 |
Studio BoGaming · Cape TownGrant · South Africa | Not disclosed28 Oct 2026 |
Fer FactorGaming · LagosGrant · Nigeria | Not disclosed28 Oct 2026 |
SLA Funding Index · as of 31 Oct 2026
Your view shows the first 10 rounds of each search.
What the funding data shows
Instrument
Debt is 27% of disclosed capital
$12.9B of $48.3B was raised as debt, loans or credit facilities rather than equity.
Funding Index · all years
Pace
2026 is 9% ahead of 2025 so far
$3.9B across 464 rounds this year, against $3.6B across 477 in the same months of 2025.
Funding Index · monthly
Frequently asked about startup funding in Africa
- How much have African startups raised in 2026?
- $3.9B across 464 rounds as of 31 Oct 2026. Rounds with no published amount count towards the number of rounds, not the total.
- How many startup funding rounds does StartupList Africa track?
- 6,976 rounds worth $48.3B in disclosed funding are tracked.
- Which African countries raise the most startup funding?
- South Africa ($13.9B), Kenya ($9.5B), Nigeria ($9.2B), Egypt ($6.7B), by disclosed capital raised by startups headquartered there.
- Which type of round brings in the most capital?
- Debt Financing rounds account for 17% of disclosed capital, $8.3B across 490 rounds.
- How much African startup funding is debt?
- 27% of disclosed capital ($12.9B) was raised as debt, loans or credit facilities.
- How often is funding data updated?
- Our funding database is updated daily. We track disclosed rounds from press releases, regulatory filings, investor announcements, and verified startup submissions.
- What funding stages are tracked?
- We track all stages including Pre-Seed, Seed, Series A through Series E+, as well as alternative capital types like angel investments, grants, debt financing, and convertible notes.
- How is the funding amount determined?
- Amounts shown are the disclosed USD equivalent at the time of announcement. Where the round was denominated in local currency, we convert using the exchange rate on the announcement date.
- Can I filter funding rounds?
- Yes. Filter by year, round type, country, sector and deal size. Each view has its own address you can share or cite, for example startuplist.africa/fundings/nigeria/2025.
- What does 'undisclosed' mean?
- Some startups announce that they've raised capital without revealing the exact amount. These rounds are recorded as 'undisclosed' and are included in deal counts but excluded from capital totals.
- How can I add or correct funding data?
- Founders and investors can submit funding data through our platform. If you spot an error, use the feedback button on any funding detail page or contact us at team@startuplist.africa.
