African startups attracted more than $1.5 billion in disclosed funding during the first half of 2026, showing that investors remain confident in the continent’s technology sector despite global economic uncertainty and tighter venture capital markets.
BusinessDay findings show that while fewer investment deals were completed compared with a year earlier, investors wrote larger cheques for startups with proven business models, strong revenue prospects and the ability to scale across markets. Equity financing also staged a strong comeback during the second quarter, led by a handful of mega deals that dominated the funding landscape.
Below are the startups that emerged as the biggest funding winners between January and June 2026.
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Spiro — $327 million
Electric mobility company Spiro emerged as Africa’s biggest fundraising success story in H1 2026 after raising a combined $327 million across four funding rounds.
The
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