An electric mobility startup operating in Africa, focusing on battery-swapping models and sustainable transport solutions.
Nigerian E-Mobility Startup MAX Secures Nithio Funding, Raises Series B3 Round to $29 Million
MAX secured $29 million in Series B3 funding from Nithio to accelerate its expansion in Africa. The investment will help MAX provide affordable and environmentally friendly transportation solutions.
Egypt Tops Africa’s H1 2026 Startup Funding, But Nigeria Reclaims the Equity Crown
Egypt became Africa's top funding destination in H1 2026 with $327 million, largely from Spiro's mega-round. Nigeria outpaced Egypt in equity funding with $214 million, marking its strongest showing since 2022.
Fintech and Logistics Dominated Africa’s H1 2026 Funding, With Spiro Behind a Quarter of All Capital Raised
Africa's startups raised $1.36 billion in H1 2026, with significant funding concentrated in specific sectors. Fintech secured $556 million, representing 41% of total capital raised.
African Startup Funding Holds Steady as Investors Back Fewer, More Established Companies
African startups raised an estimated $1.3 billion to $1.4 billion in H1 2026. Only 146 funding deals were completed in the first half of 2026, down from 252 in the same period in 2025.
