Africa: Egypt Leads As African Tech Startups Raise $711m in First Quarter

African startups raised $711 million across more than 80 deals in the first quarter of 2026, according to data tracked by TechCabal Insights. About 18% of deals had undisclosed values. The disclosed funding reflects a mix of equity, debt, and grants flowing into the ecosystem during the period.

Egypt led funding with $154 million, followed by South Africa at $134 million. Kenya and Nigeria completed the top four markets for capital deployment.

Fintech remained the largest sector with $221 million…