---
title: "African Startup Funding Hits $183M in October 2026"
description: "African startups raised $183 million in October 2026 across 34 deals of at least $100,000, down 58% from $435 million in October 2025."
canonical_url: "https://liners.com/news/african-startup-funding-october-2026-183m"
markdown_url: "https://liners.com/news/african-startup-funding-october-2026-183m.md"
type: "article"
language: "en"
published_at: "2026-11-06T08:00:52.772Z"
updated_at: "2026-11-06T08:00:52.793Z"
---

# African Startup Funding Hits $183M in October 2026

African startups raised $183 million in October 2026 across 34 deals of at least $100,000, down 58% from $435 million in October 2025.

## Breadcrumbs

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

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## Content

## In Short
African startups raised $183 million in October 2026, down 58% from $435 million in the same month of 2025.

## What Happened
African startups raised a combined $183 million in October 2026, excluding exits. The total came from 34 startups that announced funding rounds of at least $100,000, based on data from Africa: The Big Deal.

October’s total was 24% lower than the $241 million raised in September. It was also 29% below the average monthly funding of $259 million recorded over the preceding 12 months.

The number of startups raising at least $100,000 also fell below the recent average. There were 34 ventures announcing deals, compared with a monthly average of 43 over the past year.

Nigeria attracted the most funding in October with $42 million across nine startups. The report said this was largely through debt financing in the energy and mobility sectors. Morocco and Tanzania followed with $40 million each, while Egypt attracted $19 million and Senegal recorded $13 million.

The two largest rounds were both $40 million and went to ventures outside Africa’s Big Four markets. Moroccan healthcare startup ABA Life raised $40 million from Admaius Capital Partners. Tanzanian agritech company East Africa Foods raised $40 million in a Series B round from investors including InfraCo Africa, Oikocredit and FMO.

Other deals highlighted include a $17 million bond issuance by Egyptian fintech company [ValU](/valu), $13 million raised by Senegalese renewable energy company Afreenergy Solar, an $11 million loan from Finnfund to Bisedge, and a $10 million loan from the European Bank for Reconstruction and Development to Nigerian energy technology company Beacon Power Services.

The report said climate technology companies accounted for 55% of the funding raised during the month.

## Why It Matters
Equity financing made up $110 million, or 60% of October funding, while debt accounted for $71 million, or 39%. Grants contributed about $2 million.

Debt financing fell 33% year on year to $740 million from $1.1 billion, while equity rose 5% to $1.6 billion.

## Sources and products

- [Nairametrics](https://nairametrics.com/2026/11/06/african-startups-raise-183-million-in-october-as-funding-falls-58)

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