raises $102.0M (Nigeria, Aug 2026)

African startups raise $102 million in July as equity funding hits seven-year low - Nairametrics

In July 2026, African startups raised a total of $102 million across 44 funding rounds, marking the lowest monthly funding total since March 2025. The funding was primarily driven by large debt transactions, with equity investment falling to its lowest level in seven years, indicating a retreat by equity investors from the continent's venture ecosystem.

African startups raise $102 million in July as equity funding hits seven-year low  Nairametrics