African startups raised a total of $102 million in July 2026, marking a severe contraction in equity funding across the continent.
Funding breakdown
The total capital injection was spread across 44 funding rounds. To be included in this figure, each round had to consist of $100,000 or more.
A seven-year low
This July performance represents a seven-year low for equity funding in the African startup ecosystem. According to data reported by Nairametrics, it is the lowest monthly funding total recorded since March 2025.
The decline highlights a challenging environment for venture-backed companies seeking equity capital to scale operations.
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