
Moove over: Africa has a new unicorn 🦄
The announcement of its $250m Series C puts the Nigerian-born company among the continent’s most valuable private tech ventures
Your weekly two-minute read, a quick conversation starter on the African start-up ecosystem, based on a curated database of deals from across the continent.
Live Last read · last published · next check

The announcement of its $250m Series C puts the Nigerian-born company among the continent’s most valuable private tech ventures

44 start-ups raised $102m last month, but barely any equity

Fintech led with 41% of funding raised while Spiro alone accounted for 24%, driving up Climate Tech numbers

Egypt in the lead while Nigeria regains territory. South Africa - and to a lesser extent Kenya - underperform.

Total, equity and debt raised were stable compared to H1 2025. But the dip in number of ventures raising is a red flag

Thanks to an exceptional month of June driven by Spiro's $270m raise, H1's top line number ends up almost flat YoY

A whimsical analysis of start-up funding in Africa based on venture naming

Despite an improvement in deal flow, the total amount raised remains underwhelming

100+ start-ups are now receiving free access to our database for 2 years, along with support to build a data-driven fundraising strategy

In line with the drop in number of deals being signed, the number of investors signing checks in 2026 so far is declining