How many funding rounds did startups in Africa raise in 2016?

9 disclosed rounds are on the StartupList Africa record for this view as of 10 Oct 2026, listed newest first.

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.

FundingsUpdated daily

Startup funding in Africa, 2016

Name: Startup funding in Africa, 2016 — SLA Funding Index
Creator: StartupList Africa
License: https://www.startuplist.africa/attribution-policy

9 disclosed rounds on the record for this view, newest first.

Updated 9 Oct 20266,517 rounds on recordSource: SLA Funding IndexHow we count →Submit a round →

Year · 2016

Size · $50M+

9 rounds · 2016 · $50M+

Startup funding in Africa, 20169 · newest first

All 6,517 rounds →

#	Startup	Round	HQ	Investors	Amount	Date
1	LumosClean Energy · Victoria Island	Debt Financing	Nigeria	OPIC - Overseas Private Investment Corporation, Pembani Remgro Infrastructure Managers +2	$90M	30 Nov
2	PromasidorConsumer Goods · Bryanston	Secondary Market	South Africa	Ajinomoto	$532M	08 Nov
3	Zambeef ProductsFood Processing · Lusaka	Post-IPO Equity	Zambia	CDC Group	$65M	24 Oct
4	General EmballageManufacturing · Bejaia	Private Equity	Algeria	German Investment and Development Corporation (DEG), Development Partners International	$55M	30 Sep
5	Alexander ForbesFinancial Services · Sandown	Venture	South Africa	African Rainbow Capital	$56M	29 Sep
6	BeloxxiConsumer Goods · Agbara	Private Equity	Nigeria	8 Miles, African Capital Alliance +1	$80M	14 Aug
7	Helios TowersNetwork Hardware · Kinshasa	Debt Financing	Dr Congo	Standard Bank, KFW DEG	$105M	13 Jul
8	JumiaConsumer Goods · Lagos	Series C	Nigeria	MTN Group, Rocket Internet +4	$407M	03 Mar
9	Hygeia HMOHealthTech · Lagos	Venture	Nigeria	Swiss RE, International Finance Corporation	$67M	07 Jan

SLA Funding Index · as of 10 Oct 2026

Questions about startup funding in Africa, 2016

How many funding rounds did startups in Africa raise in 2016?: 9 disclosed rounds are on the StartupList Africa record for this view as of 10 Oct 2026, listed newest first.
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.

Cite this page

StartupList Africa, “Startup funding in Africa, 2016”, updated 10 Oct 2026.

startuplist.africa/fundings/2016