# African startup funding falls 58% to $183 million in October

_Published Friday, November 6, 2026 at 5:18 AM EST · Capital · Latest · Tier 2 — Notable_

![African startup funding falls 58% to $183 million in October — Primary](https://cdn.nairametrics.com/wp-content/uploads/2024/01/Screenshot-2024-01-09-093712.png)

African startups raised $183 million in October 2026, down 58% from $435 million a year earlier, Nairametrics reported, citing Africa: The Big Deal. The tally excludes exits and covers 34 startups announcing rounds of at least $100,000, compared with a monthly average of 43 over the preceding year.

Equity supplied $110 million and debt $71 million. Climate technology companies attracted 55% of the month's funding.

Across January through October, funding fell 12% to $2.4 billion. Debt financing declined 33% to $740 million, while equity increased 5% to $1.6 billion, showing that the contraction differed substantially by financing type.

## Sources

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

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Canonical: https://techandbusiness.org/newswire/XTGoXpbuCFYxbDS5cAiFZV
Published: 2026-11-06T10:18:06.882Z
Story chronology: 2026-11-06T07:37:52.000Z
Retrieved: 2026-11-06T22:55:23.062Z
Publisher: Tech & Business (techandbusiness.org)