An electric mobility startup operating in Africa, focusing on battery-swapping models and sustainable transport solutions.
Egypt Tops Africa’s H1 2026 Startup Funding, But Nigeria Reclaims the Equity Crown
Egypt became Africa's top funding destination in H1 2026 with $327 million, largely from Spiro's mega-round. Nigeria outpaced Egypt in equity funding with $214 million, marking its strongest showing since 2022.
Fintech and Logistics Dominated Africa’s H1 2026 Funding, With Spiro Behind a Quarter of All Capital Raised
Africa's startups raised $1.36 billion in H1 2026, with significant funding concentrated in specific sectors. Fintech secured $556 million, representing 41% of total capital raised.
African Startup Funding Holds Steady as Investors Back Fewer, More Established Companies
African startups raised an estimated $1.3 billion to $1.4 billion in H1 2026. Only 146 funding deals were completed in the first half of 2026, down from 252 in the same period in 2025.
$1.44 billion raised in the first half of 2026
African startups raised $1.44 billion in H1 2026, a slight increase from $1.42 billion in H1 2025. Only 146 disclosed deals occurred in H1 2026, down from 252 in H1 2025, but with larger funding rounds.
Spiro Secures $55M Additional Backing from Chinese Investor NewTrails Capital
Spiro secured an additional $55 million equity investment from NewTrails Capital. The total funding raised by Spiro now stands at approximately $557 million.
