Africa’s Startup Funding Rebounds to $455m in August 2026, Driven by Mega Deals
31 African startups secured funding rounds of $100,000 or more, raising a combined $455 million in August 2026. August's funding total was a significant rebound from July's $102 million, surpassing the previous 12-month monthly average of $220 million.
Silverbacks’ Investment in Moove Tops $37 Million as Mobility Startup Hits $2.1 Billion Valuation
Silverbacks Holdings' cumulative investment in Moove exceeds $37 million. Moove raised $250 million in Series C funding at a $2.1 billion valuation.
Nigerian Mobility Startup Moove Raises $250 Million to Bet Big on Robotaxis
Moove raised $250 million in a Series C funding round led by Mubadala Investment Company. The company's valuation has increased to $2.1 billion as it pivots to support the autonomous vehicle industry.
Why Africa’s electric mobility is no longer a venture bet
Startups in the African electric mobility sector have raised over $1.28 billion across 129 deals since 2019. A third of the capital now comes as debt, indicating a shift towards infrastructure financing.
Five Africa Startups To Pay Attention To In 2026
Jumia has focused on its core e-commerce and JumiaPay ecosystem after shutting down non-core food delivery markets. Flutterwave is preparing for a potential NASDAQ listing, having secured new licenses and expanded its remittance services.
