African startups raised $705 million in the first three months of 2026, up 26.5% from the same period last year, according to new analysis. amount covers 59 deals in 14 countriesAfrican Business reported pointing to data compiled by Condia and TechCable Insights.
Egypt was in the top spot, receiving $190 million in disclosed funding, followed by South Africa with $157 million, and Kenya in second place with $94 million. “The continent's startup ecosystem has moved beyond its 'emerging' label and is entering a more established phase,” the outlet said. It also reflected a new trend: the growing presence of Japanese investors, adding a new dimension to capital flows previously dominated by the US and Europe.