FundedIQ holds 544 funded startups in Africa and keeps their funding rounds, amounts, investors, industries, locations and company details up to date. This page provides an overview of the startup funding landscape in Africa, along with the 100 most recently funded startups there.
The median disclosed round is $5.0M, with the middle half of rounds falling between $1.0M and $18M. Financial Services, Commerce and Shopping and Apps hold the most companies by sector. Cairo and Cape Town hold the deepest concentrations of funded startups in Africa. Startups in Africa closed 205 funding rounds over the last 24 months, 90 of them in the last 12 months, and raised $2.8B in disclosed capital.
Early stage entries dominate this segment, with Seed and Pre-Seed activity outweighing later rounds. This concentration of nascent ventures means a focus on foundational growth. Financial Services and Commerce and Shopping lead the sub-sectors, while Cairo and Cape Town act as primary centers. These small teams offer early entry points for partners before companies scale toward Series A or B.
Africa funded startup statistics
Funded startups in Africa
544
tracked in the database
Funding rounds, last 12 months
90
205 over 24 months
Disclosed capital raised, 24 months
$2.8B
151 of 205 rounds disclosed an amount
Median round size
$5.0M
middle half $1.0M to $18M
Most recent funding round on record: Sep 2026.
Investors appearing most often across Africa funding rounds: International Finance Corporation, Launch Africa, Proparco.
100 most recently funded startups in Africa
100 of 544
Ordered by the date of the latest funding round. Each row gives the company, its
location and industry, what it does, the stage and date of that round, and the disclosed
amount.
Company
What they do
Latest round
Amount
A
Alliance Chemicals Global
Lagos, Nigeria · Agriculture, Chemical, Chemical Engineering, Food and Beverage, Industrial, Logistics, Packaging Services, Plastics and Rubber Manufacturing, Recycling, Sustainability
Alliance Chemicals Global supplies commodity and specialty chemicals and ingredients to manufacturers across…
Startups in Africa closed 205 funding rounds over the last 24 months, 90 of them in the last 12, adding up to $2.8B in disclosed capital.
Round sizes
The median disclosed round is $5.0M, with the middle half running from $1.0M to $18M. 151 of 205 rounds disclosed an amount.
Sectors
Financial Services, Commerce and Shopping and Apps hold the most companies, led by Financial Services at 130. The most common headcount band across the segment is 11-50.
Investors
International Finance Corporation, Launch Africa and Proparco appear most often across funded startups in Africa on record.
Industries with the most funded startups in Africa
Sector counts across all 544 tracked companies in Africa. A company assigned more than one industry is counted in each.
The investors named most often across funded startups in Africa.
Investor
Companies backed
International Finance Corporation
2
Launch Africa
2
Proparco
2
Counts companies in this segment that name the firm as a backer. Investor names entered the pipeline in July 2026, so they cover the companies funded since.
Funding stages in Africa
How the last 24 months of funding rounds for funded startups in Africa break down by stage.
A further 113 rounds in this period were announced without a stage label and are not ranked above.
About the FundedIQ Africa startup funding data
FundedIQ tracks announced startup funding rounds and organises them by company, funding
date, stage, amount, industry, location and investor. The dataset is refreshed weekly, and
new rounds are normalised and de-duplicated before they are published, so the same round
reported twice on different dates is recorded once.
Figures on this page cover the 544 funded startups in Africa currently tracked.
Round counts, capital totals and the median round are computed over a trailing 24 months.
Rounds whose amount was not disclosed (54 of 205 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded startups in Africa is dated Sep 2026.
The table above shows the 100 most recently funded companies. Full funding histories,
investor lists and founder contacts across the whole dataset open on a FundedIQ plan.
Frequently asked questions
How many funded startups are there in Africa?
FundedIQ tracks 544 funded startups in Africa. This page lists the 100 most recently funded of them, ordered by the date of their latest round, and the full set is available on a FundedIQ plan.
How much funding have startups in Africa raised?
Startups in Africa tracked by FundedIQ have raised $2.8B in disclosed capital across 205 funding rounds over the last 24 months, including 90 rounds in the last 12 months. 151 of those 205 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.
What industries have the most funded startups in Africa?
Financial Services has the most, with 130 companies, followed by Commerce and Shopping (60), Apps (46) and Health Care (31). Sector counts include every company assigned that industry, and a company can carry more than one.
Which countries have the most funded startups in Africa?
South Africa leads with 184 companies, ahead of Egypt (171), Kenya (87) and Uganda (14).
Which cities have the most funded startups in Africa?
Cairo leads with 131 companies, then Cape Town (85), Nairobi (75) and Johannesburg (52).
Which investors back the most startups in Africa?
International Finance Corporation, Launch Africa and Proparco appear most often across funded startups in Africa in the FundedIQ dataset. The count is the number of tracked companies naming each firm as a backer, so it reflects the companies on record rather than every deal a firm has ever done.
What is a typical funding round size for startups in Africa?
The median disclosed round over the last 24 months is $5.0M, and the middle half of rounds fall between $1.0M and $18M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.
What is the most common funding stage for startups in Africa?
Seed is the most common labelled stage, with 43 rounds in the last 24 months, ahead of Pre-Seed (22) and Series A (12). A further 113 rounds were announced without a stage label and are not counted here.
How often is the Africa startup funding data updated?
The dataset is refreshed weekly. New rounds are normalised and de-duplicated before they are published, and the most recent round currently on record for funded startups in Africa is dated Sep 2026. Counts and totals on this page are recomputed on every refresh.