Africa’s startup funding market is splitting between big rounds and failed raises

In the space of a few weeks, Kenya’s Twiga Foods entered administration, and the High Court ordered Copia Kenya into liquidation . Twiga had raised $185.4 million and Copia $123 million. Yet African startups raised $1.44 billion in the first half of 2026, slightly above the $1.42 billion of the same period last year.