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

22 disclosed rounds are on the StartupList Africa record for this view as of 16 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

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

Updated 16 Oct 20266,659 rounds on recordSource: SLA Funding IndexHow we count →Submit a round →

Year · 2016

Size · $5M – $20M

22 rounds · 2016 · $5M – $20M

Startup funding in Africa, 201622 · newest first

All 6,659 rounds →

#	Startup	Round	HQ	Investors	Amount	Date
1	Foodstock Farmers MarketAgriculture · Lagos	Series A	Nigeria	Not disclosed	$9M	22 Dec
2	KalidoEmployment · Johannesburg	Seed	South Africa	Not disclosed	$5M	06 Dec
3	AgriProteinAgriculture · Cape Town	Venture	South Africa	Not disclosed	$18M	01 Dec
4	d.lightEnergy · Nairobi	Debt Financing	Kenya	Developing World Markets	$8M	31 Oct
5	SPARK SchoolsEducation · Johannesburg	Series B	South Africa	Omidyar Network, Pearson Affordable Learning Fund (PALF)	$9M	19 Oct
6	PayGateFinancial Services · Cape Town	Venture	South Africa	Direct Pay Online Group	$6M	29 Sep
7	M-KOPAEnergy · Nairobi	Venture	Kenya	Not disclosed	$6M	29 Sep
8	DPO GroupE-Commerce · Nairobi	Private Equity	Kenya	Apis Partners	$10M	27 Sep
9	d.lightEnergy · Nairobi	Series D	Kenya	Energy Access Ventures, KawiSafi Ventures +3	$15M	21 Sep
10	BboxxEnergy · Goma	Series C	Dr Congo	Bamboo Capital Partners, DOEN Participaties +5	$20M	30 Aug

SLA Funding Index · as of 16 Oct 2026

Your view shows the first 10 rounds of each search.

Questions about startup funding in Africa, 2016

How many funding rounds did startups in Africa raise in 2016?: 22 disclosed rounds are on the StartupList Africa record for this view as of 16 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 16 Oct 2026.

startuplist.africa/fundings/2016