Electric vehicles and debt deals drive $224 million surge in July 2026
The second half of 2026 has started, bringing the total funding raised by African startups to $1.66 billion so far this year. Between January and June, startups raised $1.44 billion. Adding July’s $224M brings us to the $1.66B milestone. While July’s $224 million dropped from June’s high of $334 million, the biggest story of the […]
In July 2026, African startups raised a total of $224 million, marking a significant surge in funding for the region. While this figure represents a drop from June's $334 million, the bulk of the capital went towards clean energy, electric vehicles, and physical infrastructure, with 28 deals disclosed among the 37 tracked. The dominant funding source was debt, which accounted for 75.2% ($168.55 million) of the total capital raised, highlighting the growing preference for debt financing in the African startup ecosystem.
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