THE PROPEL GUIDE
Raising in Africa.
A clearer understanding.
Understand the funding stages, the language and the decisions behind raising capital. Grounded in Propel’s African venture data.
The Propel Guide to Raising in AfricaStart exploring
CHAPTER 1
02The funding ladder: what pre-seed, seed and Series A mean for African startups in 2026
A typical African seed round is now about $2.5 million and a Series A about $11 million. Here is what each stage means, who invests, and how much is raised.
Read chapter →CHAPTER 2
03Grants, debt, equity and mezzanine: the four ways to fund an African startup
A quarter of African startup deals are grants, but debt brings in a third of the money. Here is how each kind of funding works and when it fits.
Read chapter →CHAPTER 3
Who's who: the investors behind African startups, and what each one wants
From angel networks to development banks: the ten kinds of investors that fund African startups, what each looks for, and who is most active right now.
Read chapter →More chapters will be added as the guide grows.