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.

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.

Daya, a fintech startup backed by Alliance, has raised $2.4 million to develop stablecoin payment infrastructure. This funding follows its graduation from the Alliance DAO ALL15 cohort in November 2025. Daya aims to join other Africa-focused fintechs like Yellow Card and Juicyway in leveraging stablecoins for cross-border business transactions.

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.

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.