Africa's Markets, Startups & Money Moves — Updated Daily

Graph AI Raises $13.3 Million Accelerate Product Development

AI powered patient safety startup Graph AI has raised $13.3 million in its Series A funding round led by Insight Partners, with participation from existing investor Bessemer Venture Partners.

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Elon Musk’s The Boring Company Closes $3 Billion Series D Funding Round

Elon Musk’s tunneling company, The Boring Company, has raised a $3 billion Series D funding round that pushes its valuation to $23 billion. The round was led by the United Arab Emirates.

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Kenyan Electric Mobility Company Arc Ride Secures Funding to Expand Its Battery-Swapping Network

Kenyan electric mobility company Arc Ride has raised $33.3m in a funding round led by Novastar Ventures and Norrsken22, capital it will use to expand its battery-swapping network across sub-Saharan Africa and enter the South African market.

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French AI Lab Mistral AI Raises €3 Billion at a Post-Money Valuation of More than €21 Billion

French AI lab Mistral AI on Tuesday said it has raised €3 billion (about $3.58 billion) at a post-money valuation of more than €21 billion (about $24.39 billion), confirming earlier rumors.

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Ugandan Startup SANDI AI Wins GoGettaz Agripreneur Prize 2026

Ugandan artificial intelligence (AI) startup SANDI AI Technologies has emerged Grand Prize winner of the GoGettaz Agripreneur Prize 2026, receiving US$50,000 in growth funding for its innovative approach to improving access to finance for farmers across Africa.

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Nigerian Startups Trade Lenda and AirSmat Secure Funding from Africa Ecosystem Catalysts Facility

Nigerian startups Trade Lenda and AirSmat have raised a combined US$450,000 from the Africa Ecosystem Catalysts Facility, a US$4 million pilot investment facility aimed at identifying founders often overlooked by traditional investors

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The EU is Committing €200 Million to Greenland

European Commission President Ursula von der Leyen on Monday announced a fresh funding boost for Greenland, seeking to shore up Arctic ties with the self-governing Danish territory

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Quick Commerce Startup Swish Raises $24 Million from Bertelsmann India Investments

Swish is raising fresh capital from Bertelsmann India Investments, adding a new institutional investor to its captable. The round comes just months after its last fundraise

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Space-Tech Startup Pixxel Closes $100 Million in Its Series C Funding Round

Bengaluru-based space-tech startup Pixxel has raised $100 million in its Series C funding round co-led by Temasek and Seraphim Space.

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Women’s Wellness Brand Nua Raises $50 Million in Its Series C Funding Round

Women’s wellness brand Nua has raised $50 million in its Series C funding round led by Peak XV Partners and Filter Capital, with participation from existing investors Mirabilis Investment Trust and Footpath Ventures.

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Workforce Accommodation Startup HerSpace Manufacturing Secures Fresh Capital

Bengaluru-based workforce accommodation startup HerSpace Manufacturing has secured a fresh capital commitment of $40 million from existing investor Gray Matters Capital (GMC).

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Nigerian Fintech Nomba Secures a $3 Million Debt Facility

Nomba, a Nigerian fintech, has secured a US$3 million debt facility through CardinalStone Finance Company to expand its cross-border payments business from the Democratic Republic of Congo (DRC),

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