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African startups raised about $1.44 billion in the first half of 2026, but the small cheques that start companies are disappearing. Rounds below $500,000 made up just 19% of deals, down from 52% in H1 2021, and only 190 ventures raised more than $100,000, the lowest tally since at least 2021. Disclosed grants are thinning…

African startups raising between $100,000 and $1 million fell from 179 deals in the second half of 2025 to just 100 in the first half of 2026, a 44% drop in exactly the segment that funds first products. Early-stage founders are being squeezed hardest at the moment AI tooling is changing what a three-person team…