Spiro has successfully closed its largest funding round, raising $55 million from a Chinese fund, bringing its total funding to $270 million. This achievement positions the company close to unicorn status and highlights the growing ties between China and Africa in the electric vehicle sector.

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

In the first half of 2026, African tech funding totaled $1.44 billion, driven by significant mergers and acquisitions, debt financing, and advancements in artificial intelligence restructuring. This funding milestone reflects the evolving landscape of the tech ecosystem in Africa.

Catalyst Fund has raised $30 million for its investment strategy focused on climate resilience in Africa, with new investors including the International Finance Corporation, Shell Foundation, and Trafigura Foundation. The fund aims to support early-stage startups that are developing solutions to climate-related challenges across the continent, reflecting a growing interest in adaptation technologies.

WeLight, Africa’s largest solar mini-grid operator, has secured $31 million to support its expansion efforts in Nigeria. The funding aims to enhance electricity access in some of the continent's most underserved communities.

d.light has achieved a cumulative purchasing capacity of Sh130 billion following the closure of a Sh6.5 billion public Green Bond by African Frontier Capital. This marks a significant milestone as it is the first instance where the off-grid solar sector has utilized public bond markets through a PAYGo receivables securitization structure. The bond is set to be listed on the London Stock Exchange’s International Securities Market.