INVESTMENT

Startup Groq has raised $350 million as it continues to pivot from an AI chipmaker to a neocloud company that provides powerful GPUs and AI infrastructure services.

African defense tech company Terra Industries on Monday announced an additional $18 million in funding, bringing its seed round to $52 million. Investors in the round include Joe Lonsdale’s 8VC, Silent Ventures, and Nova Global.

Kenyan used-car marketplace, Peach Cars, has secured about US$4 million (~ KSh 517 million) in debt financing from Japan Finance Corporation (JFC) and Shoko Chukin Bank, giving the company additional capital

African startups and other ventures raised $3.3 billion in the first half of 2026, representing a 73 percent increase from the same period in 2025 and the strongest mid-year funding performance

Databricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation. The company said that it has crossed $7 billion in revenue run rate

US-based venture capital firm Accel has raised a $550 million early-stage fund for India as part of a $3.5 billion fundraise across four new funds globally.

African e-commerce group Jumia Technologies was left with just $367,000 of total equity at the end of June, before a $50m injection anchored by the International Finance Corporation

Battery startup Form Energy said on Wednesday that it has raised $750 million to expand its manufacturing capacity in West Virginia, the latest sign that the AI data center building boom is fueling investment in energy storage.

As India’s quick-commerce platforms race to deliver everything from groceries to smartphones in minutes, electric mobility startup Yulu has seized the boom, raising $93 million in fresh funding.

The European Commission has announced that the Scaleup Europe Fund was fully operational, with investments “expected in the coming weeks.” But its first deal was actually made public the very next day.

Tanzania has fully opened its domestic government securities market to global investors, removing restrictions that had largely limited foreign participation to residents of the EAC and SADC and Tanzanians in the diaspora.

Building on the growing popularity of livestreamed shopping, startup market Whatnot said on Friday that it has closed its latest round of funding at a $20 billion valuation