May 2026 delivered a recovery in African startup funding after April's low performance. African startups raised $135 million across 37 disclosed deals, up 22.7% from April's $110 million across 32 deals. Deal count also rose meaningfully, continuing the recovery that began after March's historic low of 22 deals.  This is the third consecutive month in…

April 2026 delivered Africa's weakest monthly startup funding total in 13 months — $110 million raised across 32 startups — marking the first back-to-back months of below-average funding since mid-2025. In April 2026, $111 million was raised across 32 startups. The month's defining feature is the near-complete dominance of deal concentration at the top.  The…

March 2026 delivered Africa's weakest monthly startup funding performance of the year so far — but with a crucial asterisk: it still represented a 202% year-on-year improvement compared to the historically feeble March 2025 (when only $50M was raised). The $151 million raised across just 22 startups reflects a month shaped by two dominant forces:…

African startup funding staged a strong rebound in February 2026, with 40 startups raising more than $272 million in disclosed funding across deals worth at least $100,000. This marks a 56.3% jump from the $174 million recorded in January 2026, and comes in slightly above the $254 million monthly average maintained over the trailing twelve…

January 2026 highlighted a resilient but cautious deployment of venture capital across Africa. The ecosystem recorded a total funding intake of approximately $174M, a figure that represents a significant moderation from the $276M captured in January 2025. However, this performance must be viewed within a broader context; January’s 2026 total remains substantially higher than the…

November 2025 marks a pivotal moment, synthesising the year’s trends into a definitive market narrative: African VC is transitioning toward a resilient, maturing asset class. The evidence is compelling, combining a sustained focus on real-economy infrastructure solutions (Energy, Agritech) with the crucial structural validation provided by two major IPO exits in key markets. This milestone…