---
title: "Africa Startup Funding Hits $183M In October 2026"
description: "Africa The Big Deal data shows African startups raised $183 million in October 2026, down 58% year on year. 34 startups closed $100,000+ rounds."
canonical_url: "https://liners.com/news/african-startup-funding-october-2026-183m-mwfa91nf"
markdown_url: "https://liners.com/news/african-startup-funding-october-2026-183m-mwfa91nf.md"
type: "article"
language: "en"
published_at: "2026-11-13T18:00:55.711Z"
updated_at: "2026-11-13T18:00:55.730Z"
---

# Africa Startup Funding Hits $183M In October 2026

Africa The Big Deal data shows African startups raised $183 million in October 2026, down 58% year on year. 34 startups closed $100,000+ rounds.

## Breadcrumbs

- [News](/news)
- [Africa Startup Funding Hits $183M In October 2026](/news/african-startup-funding-october-2026-183m-mwfa91nf)

## Related articles

- [Zeal Shares Merchant And Funding Metrics For Terminal VAS](/news/zeal-terminal-loyalty-vas-merchant-funding-metrics)
- [Bank ABC Islamic Reports $21.8M 9M 2026 Net Profit](/news/bank-abc-islamic-9m-2026-net-profit-21-8m)

## Content

## In Short
Africa: The Big Deal reports African startups raised $183 million in October 2026. That was a 58% drop from $435 million in the same month last year.

## What Happened
Africa: The Big Deal said 34 startups raised at least $100,000 during the month.

The $183 million total was down 24% from the $241 million raised in September. It was also 29% below the 12 month monthly average of $259 million. 

The number of funded startups also fell. October’s 34 funded startups was below the 12 month monthly average of 43.

By country, Nigeria raised $42 million across nine companies. The report said a significant share of Nigeria’s funding came as debt financing, especially in energy and mobility.

Morocco and Tanzania raised $40 million each. Egypt raised $19 million. Senegal raised $13 million.

Two of the month’s largest transactions were outside the “Big Four” markets, Nigeria, Kenya, Egypt and South Africa. Morocco based healthcare company ABA Life raised $40 million in equity from Admaius Capital Partners. Tanzania based agricultural technology company East Africa Foods raised $40 million in a Series B round, with InfraCo Africa, Oikocredit and FMO participating.

Other deals mentioned in the report included a $17 million bond issuance by Egyptian fintech company [ValU](/valu). Senegal based Afreenergy Solar raised $13 million. In Nigeria, Bisedge raised an $11 million loan from Finnfund, and Beacon Power Services raised a $10 million loan from the European Bank for Reconstruction and Development.

## Why It Matters
The report said startups outside the Big Four made up 54% of funding in October, leaving the Big Four with 46%. It added this was their lowest monthly share since November 2022.

Climate technology took most of the money. It accounted for 55% of October funding.

By funding type, equity was about $110 million, or 60% of the total. Debt was $71 million, or 39%. Grants were $2 million.

Africa: The Big Deal said the figures show investors continued backing companies working on energy, agriculture and climate related problems, even as overall funding slowed.

## Sources and products

- [Techinafrica](https://www.techinafrica.com/african-startups-raise-183-million-in-october-as-funding-declines-58)

## Related pages

- [Market Trends](/news)

## Access and citation

- [Canonical HTML page](https://liners.com/news/african-startup-funding-october-2026-183m-mwfa91nf)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)