H1 2026 will undoubtedly be remembered for #Spiro's landmark fundraising. But there is much more to the story of start-up fundraising on the continent this year so far: Over the first six months of the year, we recorded at least one $100k+ funding round in 2️⃣2️⃣ African markets, highlighting that innovation and investment activity continue well beyond the continent's largest ecosystems. The Big Four still dominated, but several other markets also had a strong H1 in either funding raised or number of ventures raising: 🇹🇿 Tanzania: $52m raised across 12 ventures 🇨🇮 Côte d'Ivoire: $45m across 3 ventures 🇲🇦 Morocco: $28m across 12 ventures 🇬🇭 Ghana: $13m across 10 ventures In total, we recorded $100k+ deals in the following markets (ranked by total funding raised, exc. Spiro): 🇪🇬 Egypt 🇳🇬 Nigeria 🇰🇪 Kenya 🇿🇦 South Africa 🇹🇿 Tanzania 🇨🇮 Côte d'Ivoire 🇲🇦 Morocco 🇿🇲 Zambia 🇹🇬 Togo 🇪🇹 Ethiopia 🇬🇭 Ghana 🇬🇳 Guinea 🇲🇬 Madagascar 🇸🇳 Senegal 🇺🇬 Uganda 🇦🇴 Angola 🇹🇳 Tunisia 🇨🇲 Cameroon 🇷🇼 Rwanda 🇨🇩 DRC 🇧🇫 Burkina Faso 🇧🇯 Benin My latest post for our Africa: The Big Deal newsletter explores where the money went, which ecosystems gained or lost momentum, and what the latest data tells us about Africa's evolving start-up landscape: https://lnkd.in/ebezxfPQ