Electric vehicles and debt deals drive $224 million surge in July 2026

The second half of 2026 has started, bringing the total funding raised by African startups to $1.66 billion so far this year. Between January and June, startups raised $1.44 billion. Adding July’s $224M brings us to the $1.66B milestone.

While July’s $224 million dropped from June’s high of $334 million, the biggest story of the month is not the monthly dip; it is where the capital…