African Startups Raise $135 Million in May 2026 as Equity and Debt Funding Balance Out
- 37 companies in Africa raised around $135 million in funding in May, marking an increase from April's $110 million.
- The funding round featured an almost even split between equity ($65 million) and debt financing ($68 million).
- Nala secured a $50 million credit facility, while LemFi raised an additional $30 million in its Series B round.
The rebound in funding activity within the African tech ecosystem indicates a positive shift towards sustainable investment practices. However, while the current trends are encouraging, stakeholders should remain cautious about the long-term viability of funding levels, especially given the macroeconomic challenges that may impact future investments.
