Spiro has successfully completed a funding round that totals $270 million, which includes a recently secured $55 million investment from NewTrails Capital.

African electric mobility company Spiro has raised $55 million from Chinese growth-stage fund NewTrails Capital, increasing its total funding to $270 million. This investment aims to support Spiro's expansion of electric vehicle and battery-swapping infrastructure across the continent, as announced on June 22.

According to Business Times, the aggregate value of private equity (PE) reached $154.6 billion in Q1 2026, marking a 12.6% increase, driven by AI equity rounds from companies like OpenAI and Anthropic. However, the total number of global transactions decreased by 22%, resulting in 614 deals during the same period.

According to Business Times, AI equity rounds, particularly involving companies like OpenAI and Anthropic, contributed to a 12.6% increase in private equity aggregate value, reaching $154.6 billion in Q1 2026. However, the overall number of global transactions decreased by 22%, totaling 614 deals during the same period.

Elon Musk's net worth has reached a record $1.3 trillion following a significant increase in the share price of SpaceX, the aerospace company he founded. This surge in value marks a notable milestone for the South Africa-born entrepreneur.

CNTXT AI, a data and artificial intelligence company based in the UAE, has successfully raised $60 million in a Series A funding round co-led by AI71 and BlueFive Capital. The company focuses on sovereign AI solutions and aims to scale secure AI deployments for enterprise and government clients globally. This funding represents a significant milestone for the two-year-old company.