African Startup Funding Holds Steady as Investors Back Fewer, More Established Companies

African startups raised an estimated $1.3 billion to $1.4 billion during the first half of 2026, keeping overall investment close to the level recorded during the same period in 2025. Although the total amount remained relatively stable, funding was concentrated in fewer companies. Only 146 disclosed funding deals were completed during the first six months of 2026, compared with 252 deals one year earlier.