kenya startup funding What we do know is that for a few Kenyan companies 2020 was a strong one investment-wise. Insights about top trending companies, startups, investments … The record was previously also held by Kenya, when in 2019 the country’s start-ups netted Sh16. 11 hours ago · Crunchbase records show that Zumi has since its inception in 2016 raised more than $920,000 (Sh120 million) in funding with McCarren saying the firm achieved over $20 million (Sh2. These institutions allow individuals worldwide to donate a small amount for their idea or business venture. Founded in 2016, almentor has worked … Top Tech Startups in Kenya in 2023 30 results total - Page 1 of 2 Flare Emergency response platform for places in the world without 911 Actively Hiring Growing fast Overview Website http://flare. This is more that the country did in all of 2021 where startups raised $412 million. 9 billion), representing 13. Spotify Invests $100K Into New Africa Podcast Fund Initiative. 2 million Kenya shillings, allowing him to turn the youth collective into a proper business. Examples of venture capitalists available in Kenya include: Factor [e] Ventures, Ingressive Capital, Acumen, Energy Access Ventures, Fanisi Capital … Kenya’s startup ecosystem is relatively young but is ranked as the third-best in Africa and first in East Africa, with over 1000 startups in different sectors. Telephone number: 0203222111, 0719012111 Natasha Mascarenhas. 5 M seed round. 4% for small enterprises and 12. 84 million(KSh 51. According to African Tech Startups Funding Report 2021, a total of 564 businesses in Africa raised $2. MarketForce. Since then, the fintech has enabled over six products for various businesses, from banks and mobile network operators to e-commerce platforms … DEG provides grant co-financing of up to EUR 100,000 (and a top-up of EUR 100,000 for successful Ventures in a potential second phase). Kenya is now among the Big Four countries attracting massive … 5 Likes, 0 Comments - Techcabal Insights (@tc_insights) on Instagram: "This week, South African car subscription startup, Planet42, raised $100 million in combined equi. 3% for medium enterprises. The highest amount to be raised in a single round was $47. Youth Enterprise Development Fund. These institutions offer platforms where several lenders support a startup business. 1. Crunchbase records. Maintaining a business also requires one to have access to finance business growth. Crowd-sourcing Institutions. 4. A wake-up call may be "Seventh #Kenya tech start-up goes under on lack of funding" Easy money is long gone, your business has to make sense. Founded in 2016, almentor has worked … 11 hours ago · This is now the seventh Kenyan-based tech start-up after Kune Foods, Notify Logistics, WeFarm, BRCK and Sky-Garden who closed shop in the last year, resulting in hundreds of job losses. Venture Capitalists. 22 Mar 2023 06:51:10 This a Ghanaian fintech startup has sealed a seed funding round to the tune of $17 million. 6 % respectively. Last May, Credable launched officially with two products: a 30-day term loan product in partnership with Vodacom M-Pesa in Tanzania and a short-term lending product for Diamond Trust Bank in Kenya. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, … Funding for Kenyan startups by international investors declined by $138 million last year amid a fall in the number of deals valued at more than $1 million. 4 billion) in funding. Deadline: 15-Jul-21. Other investors in the round included Launch Africa, … 7th Kenyan tech start-up goes under on lack of funding. Credable, a fintech company that provides its clients with technology stack, scoring capabilities and banking partners, has raised a USD 2. 14 billion (KSh 248. [BUSINESS] Seventh Kenya tech start-up goes under on lack of funding: Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up. The company had raised a total of $920K … The combined 19. We are growing as fast as possible to capture an incredible opportunity. 5 million funding it has secured in seed round. Natasha Mascarenhas. Monday, March 20, 2023. The. Other investors in the round included Launch Africa, … It also offers mentorship programs to entrepreneurs. The company had raised a total of $920K … 11 hours ago · This is now the seventh Kenyan-based tech start-up after Kune Foods, Notify Logistics, WeFarm, BRCK and Sky-Garden who closed shop in the last year, resulting in hundreds of job losses. The Kenyan startup ecosystem is on the move. This is approaching double the US$291,983,000 raised by Kenyan … Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent . africa Employees 11-50 Locations Africa, Nairobi 7th Kenyan tech start-up goes under on lack of funding. Search. 6% for micro enterprises, 12. HQ: Nairobi, Kenya. The current macro environment has made fundraising extremely difficult, and unfortunately, our business was not able to achieve sustainability in time to survive,” wrote McCarren. 11 hours ago · The government’s decision to hive off property valued at Sh10 billion from Telkom Kenya’s balance sheet without the knowledge of Helios Investment Partners is one of the factors that prompted the. The company had raised a total of $920K … The record was previously also held by Kenya, when in 2019 the country’s start-ups netted Sh16. These groups of financiers will only invest in your firm if they are sure of good returns. It follows the pre-seed round of the embedded finance platform secured in early 2021 and led by The Continent Venture Partners (TCVP). The funding contract is concluded with one of the two implementing partners, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ) GmbH. 22 Mar 2023 04:58:34 11 hours ago · Standard Group Plc HQ Office, The Standard Group Center,Mombasa Road. Funding for Startups in Kenya. in/eNv5QVr7 . More than half of the startups below were founded in years 2011-2013. 22 Mar 2023 07:56:38 So far in 2022, 63 Kenyan startups have raised funding, with the country’s running total for the year standing at US$506,686,000. Likewise, the number of tech . 22 Mar 2023 06:51:10 Africa’s “big four” startup ecosystems – Nigeria, Egypt, South Africa and Kenya – raked in a combined US$1,977,910,000 over the course of the year, 92. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, … Top Tech Startups in Kenya in 2023 30 results total - Page 1 of 2. … So far in 2022, 63 Kenyan startups have raised funding, with the country’s running total for the year standing at US$506,686,000. 22 Mar 2023 07:56:38 Co-founder and CEO Kagure Wamunyu, told TechCrunch that the startup, currently covering 60% of Kenya’s 47 counties, is scaling its operations in the country, to keep up with the growing demand of construction materials, buoyed by $4. 22 Mar 2023 06:51:10 By Tom Jackson on March 15, 2023. Working closely with the government, financial services industry, and other partners, FSD Kenya seeks to support companies that better address the challenges facing minority groups. 12:48 PM PDT • March 16, 2023. Venture Capitalists are financiers who help with funding for startups in Kenya. The following are some of the available funding for business startups in Kenya. Venture Capitalists Venture Capitalists are financiers who help with … Natasha Mascarenhas. The average ticket ranges from KES6 Million to KES22 Million. By Tom Jackson on March 15, 2023. Flare. dollars in 2021. March 24, 2021. In Kenya, venture capitalists have typically invested in FinTech, agribusiness, healthcare and affordable healthcare, transportation and logistics, renewable energy, and e-commerce. Top Tech Startups in Kenya in 2023 30 results total - Page 1 of 2. Fintech emerging as Africa’s most vibrant sector, finds Mastercard study. Telephone number: 0203222111, 0719012111 NAIROBI, Kenya, Jun 14 – Kenyan Startups raised $482 million venture funding in the first three months of 2022 according to a new report dubbed Africa-Focused Database, The Big Deal. Founded in 2016, almentor has worked … A Kenyan judge temporarily blocked the mass redundancy of some 260 Facebook content moderators working for an outsourcing company contracted by the … Overtime, Kenya has maintained one in the top 3 positions in attracting the most venture funding in Africa, year on year, as per various reports. 5 Likes, 0 Comments - Techcabal Insights (@tc_insights) on Instagram: "This week, South African car subscription startup, Planet42, raised $100 million in combined equi. Crowdy Agritech is also a crowdfunding platform for farmers. Emergency response platform for places in the world without 911. Year Founded: 2018. 1 billion Kenyan shillings accounts for 27. Mclaren attributed the closure to the prevailing economic environment. It supports them through a combination of investment, business development support and technical assistance leveraging on Safaricom’s unique capabilities, assets and market positioning. 4 million(KSh 39 billion). So far in 2022, 63 Kenyan startups have raised funding, with the country’s running total for the year standing at US$506,686,000. Youth Enterprise Development fund. The round led by Novastar Ventures saw the participation of Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital and Third Derivative, among others. 22 Mar 2023 06:51:10 Kenya is a middle income nation and plans to be a newly industrialized nation in 2030. The report ranked Kenya among Africa's four biggest economies, including Nigeria, South Africa and Egypty, for tech startup funding. Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services. 9 billion) worth of tech start-up funding, with Egypt coming in second at $445. A white Nairobi-based startup founder is facing backlash in Kenya, in a drama that is highlighting longstanding concerns about who wields power in Africa’s tech scene . As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, coming behind Nigeria and South Africa. Apart from private investors, the Kenyan government, as a way to alleviate poverty and unemployment particularly among the youth, is funding new startups through the Youth Enterprise Development Fund. The ICDC is among the top 10 best institutions in Kenya, offering business funding. Matching funds equaling the amount of the grant financing must be provided by the company in the form of cash injection (from sponsors, investors). The total funding secured by startups in the country has overall grown since 2015. 11 hours ago · This is now the seventh Kenyan-based tech start-up after Kune Foods, Notify Logistics, WeFarm, BRCK and Sky-Garden who closed shop in the last year, resulting in hundreds of job losses. 2 million in funding to fast-track their growth. Kenya is one of the leading countries in tech innovation in Africa. The 12 startups will receive a share of KSh 479. 4 billion in funding in 2020, taking the … Pariti, the Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets, has raised $2. MENA-focused seed investor Flat6Labs has announced the launch of a new US$95 million fund to nurture the growth and development of early-stage tech startups on the African continent. Telephone number: 0203222111, 0719012111 Kenyan Startup, Duhqa, Closes $2 Million Seed round By appsafrica Posted on July 6, 2022 Share this: Founded in 2021 Duhqa is a B2B retail tech platform that empowers informal African merchants to digitally source and pay for inventory, get delivery conveniently, and access short-term financing. It is a leading hub for entrepreneurship on the continent thanks to several strengths, including a growing number of engaging international investors, a huge population with access to technology, and a growing number of startup support organizations active in the ecosystem. Today, the globe is resetting and rebuilding after the ravaging impacts of. . Business Insider Africa reported that the round was split between … 11 hours ago · Standard Group Plc HQ Office, The Standard Group Center,Mombasa Road. Other investors in the round included Launch Africa, … Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent . 4%) raised a total of $291. 3. Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, running a host of startup … Venture capital • 26 Apr 2021 Kenyan e-mobility startup Ecobodaa secures funding By Ishani Nairobi-based tech startup Ecobodaa has secured an undisclosed amount of funding from Persistent, Zurich-based venture capital and private equity firm that focuses on investing in the off-grid energy sector. On its . Aug 1, 2022 Tech startups in Kenya raised nearly 292 million U. This is a government initiative that aims at empowering … The fund offers Kenyans a chance to get a startup loan ranging between Ksh50,000 and Ksh500,000. Nigeria raised $903. On Tuesday, the B2B (business-to-business) marketplace’s co-founder and CEO William McCarren announced they will close doors due to a funding drought. The Afri-Plastics Challenge is funded by the Canadian government with the aim of reducing plastic waste and pollution in the marine environment. 6 billion, has cut 15% of staff, or 42 people — its first round of layoffs . Luckily, in Kenya, there are several … The Big Deal’s 2021 report, placed the funding secured by Kenya for the whole of last year at $411 million while Partech’s data says the country raised $571 million. Ilara Health, a Kenya-based health tech startup has raised $3. Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding … Kune Food, a Kenya food startup kitchen has closed down with its 90 employees being affected Robin Reecht, the startup’s founder and CEO said Published June 25, 2021. As statement issued by the tech startup states that the expansion comes on the back of successfully pioneering and … You can raise startup capital for your business in Kenya through crowdfunding on the internet. Size: 251-500. It also has record keeping and communication capabilities. The average interest rate on MSME loans ranged from 10% to 21% in 2020, with commercial banks and microfinance banks charging averages of 12 and 15. Actively Hiring; Growing fast; Overview. 7 billion), and South Africa at $336. Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the . This is the largest amount of funding ever achieved by a … Through this, he received business skills training and seed funding of 1. P. This is the largest amount of funding ever achieved by a single country. 1 per cent of the overall total. The current macro environment has made fundraising extremely difficult, co-founder and CEO William McCarren said. … Credable, a fintech company that provides its clients with technology stack, scoring capabilities and banking partners, has raised a USD 2. Telephone number: 0203222111, 0719012111 FSD Kenya invests in startups that build solutions geared towards supporting Kenya’s long-term development goals. The news was confirmed by the startup’s co-founder and CEO William McCarren. One Acre Fund makes that activity significantly more productive. Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent months hurting Kenya's dream of becoming Africa's Silicon Savanah. Other investors in the round included Launch Africa, … 11 hours ago · This is now the seventh Kenyan-based tech start-up after Kune Foods, Notify Logistics, WeFarm, BRCK and Sky-Garden who closed shop in the last year, resulting in hundreds of job losses. 1 percent drop. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, … Kenyan startups can apply for grants of up to $113k 0 By Tom Jackson on November 23, 2021 Kenyan startups have been invited to apply for grants of up to EUR100,000 (US$113,000) from the second cohort of the develoPPP Ventures programme. Suitable start-ups to be funded through develoPPP Ventures are being selected during an open ideas competition. Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, running a host of startup … Top Tech Startups in Kenya in 2023 30 results total - Page 1 of 2 Flare Emergency response platform for places in the world without 911 Actively Hiring Growing fast Overview Website http://flare. 8 million in debt funding from TLG Capital. 7th Kenyan tech start-up goes under on lack of funding. Founded in 2016, almentor has worked … 11 hours ago · Standard Group Plc HQ Office, The Standard Group Center,Mombasa Road. The current macro environment has made fundraising extremely …. Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent . " Techcabal Insights on Instagram: "This week, South African car subscription startup, Planet42, raised $100 million in combined equity and debt funding to help it accelerate . O Box 30080-00100,Nairobi, Kenya. 5M by Cellulant in a Series C. The Youth Enterprise Development Fund is a state corporation under the Ministry of Public Service, Gender, … Natasha Mascarenhas. Vincent registered the company and used the funds to buy equipment, set up additional ponds and hire four employees plus interns – all young people like himself. 75-million in a Series A funding round led by TLcom Capital with contribution from DOB Equity, Global Ventures, and Chandaria Capital. African investment Out of this ecosystem, 87 Kenyan startups (15. Recently, there are many crowdfunding platforms in Kenya. The total funding secured by startups in the country has overall grown since … By Tom Jackson on March 15, 2023. The fund offers Kenyans a chance to get a startup loan ranging between Ksh50,000 and Ksh500,000. Venture capitalist A venture capitalist is a group of loaded financiers who have the money to invest in your business idea. africa Employees 11-50 Locations Africa, Nairobi Egyptian ed-tech startup almentor raises $10m funding to accelerate growth. Founded in 2016, almentor has worked … Kenyan Electric Vehicle (EV) startup BasiGo in February announced that it has raised $3370000 three months after its launch. Employees at the firm are now looking for new jobs, with Zumi offering them recommendations. The growth . This was the continuation of a multi-year trend whereby a greater share of funding is going to these more established destinations. Tanda, a Kenya based fintech startup has announced that it secured funding from African tech investor HAVAÍC, Zedcrest Capital, DFS Lab and four other investors, to enable the regional expansion of its operations. NAIROBI, Kenya, Mar 24 – Despite the Covid-19 pandemic, Kenyan tech startups still managed to raise Sh21. APA Insurance brings Bima Bamba® motor cover to clients. A wake-up call may be "Seventh #Kenya tech start-up goes under on lack of funding" Easy money is long gone, your business has to make sense https://lnkd. 6% of the total African investment. Telephone number: 0203222111, 0719012111 A wake-up call may be "Seventh #Kenya tech start-up goes under on lack of funding" Easy money is long gone, your business has to make sense https://lnkd. Average interest rates per institutional category were 16. … 1 day ago · Nairobi-based fashion startup Zumi is shutting down. 4% of the total African startup, raising over KSh 33 billion investment in 2021; Two companies, AI Company Gro Intelligence … Egyptian ed-tech startup almentor raises $10m funding to accelerate growth. Logistics startup Sendy raised a US$20 million funding round to help … Kenyan food-tech startup, Kune produces homely, ready-to-eat meals from locally sourced products at the most affordable prices Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent months hurting Kenya's dream of becoming Africa's Silicon Savanah. 68 million(KSh 104. Course Hero, a tutoring business last valued by investors at $3. Data from American online platform Substack shows that funding for young Kenyan firms fell to $411 million last year from $549 million in 2020, a 25. Kenya; Tanzania; Ethiopia; Uganda; Rwanda; LOGIN . A Kenyan judge temporarily blocked the mass redundancy of some 260 Facebook content moderators working for an outsourcing company contracted by the social media site's parent company Meta, court documents show. 2 billion ($149. Congratulations to Treepz on their expansion into Kenya and also on closing additional funding to fuel their growth! https://lnkd. 1 million) in funding as part of a Sub-Saharan-African plastics innovation challenge. It is for this reason its tech ecosystem is famously known as Silicon Savannah. Telephone number: 0203222111, 0719012111 11 hours ago · Crunchbase records show that Zumi has since its inception in 2016 raised more than $920,000 (Sh120 million) in funding with McCarren saying the firm achieved over $20 million (Sh2. Crowd-sourcing institutions are number one on our list of institutions that offer business funding in Kenya. Other investors in the round included Launch Africa, … The Fund aims to support the successful development and growth of high potential mobile tech startups in Kenya through a combination of investment, business development support and technical assistance leveraging on Safaricom’s unique capabilities, assets and market positioning. . Kenya startups were selected among 60 small businesses to benefit from the Black Founders Fund. Egyptian ed-tech startup almentor raises $10m funding to accelerate growth. None was founded beyond 2016. Eight selected startups will receive $10,000 in equity-free funding as well as the chance to win up to $21,000 on Demo Day. Aug 1, 2022. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, … Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent . Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, running a host of startup … Egyptian ed-tech startup almentor raises $10m funding to accelerate growth. 85 million … 1 day ago · The HiiL Justice Accelerator Programme is now open for applications from Kenyan startups with solutions that help people resolve their legal problems. Judge Matthews Nduma issued an interim injunction against Meta and the Kenya-based outsourcing firm Sama, … 1 day ago · Nairobi-based fashion startup Zumi is shutting down. Nigerian fintech startup, OnePipe, has secured $4. Top Tech Startups in Kenya in 2023 30 results total - Page 1 of 2 Flare Emergency response platform for places in the world without 911 Actively Hiring Growing fast Overview Website http://flare. 3 per cent of the continent’s total investment. This is approaching double the … The record was previously also held by Kenya, when in 2019 the country’s start-ups netted Sh16. The record was previously … [BUSINESS] Seventh Kenya tech start-up goes under on lack of funding: Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up. Financial Foundations There are many foundations that provide Kenyan startup … Kenyan startups accounted for 15. in/en-xPyvj 11 hours ago · The World Bank was founded in 1944, with the aim of extending loans to help rebuild countries devastated by World War II. Apply by March 31. S. Google Startup funding programme started with the aim of helping small businesses in Africa to rise above operation challenges. Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, running a host of startup … By Tom Jackson on March 15, 2023. Egypt’s almentor, the leading online video learning platform in Arabic, has raised a US$10 million pre-Series C round of funding to accelerate its growth towards its goal of serving 10 million learners in the MENA region. In addition, many of the region's top founders, CEOs, advisors, and investors have signed on to mentor new entrepreneurs in the Kenya Fall 2022 Founder Institute program, including: Abdulaziz Omar: … A wake-up call may be "Seventh #Kenya tech start-up goes under on lack of funding" Easy money is long gone, your business has to make sense https://lnkd. Telephone number: 0203222111, 0719012111 Aug 1, 2022 Tech startups in Kenya raised nearly 292 million U. Tech startups in Kenya raised nearly 292 million U. The funding will be used to expand the startup’s diagnostic reach across Africa [BUSINESS] Seventh Kenya tech start-up goes under on lack of funding: Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up. NAIROBI, Kenya, Mar 14 – Nine Kenyan startups are competing for a share of more than Sh600 million (£4. Overtime, Kenya has maintained one in the top 3 positions in attracting the most venture funding in Africa, year on year, as per various reports. africa Employees 11-50 Locations Africa, Nairobi A wake-up call may be "Seventh #Kenya tech start-up goes under on lack of funding" Easy money is long gone, your business has to make sense https://lnkd. This list of startups in Kenya provides data on their funding history, investment activities, and acquisition trends. It has also laid off at least ten employees Ilara Health, a Kenya-based health tech startup has raised $3. … Natasha Mascarenhas. It has also laid off at least ten employees Credable, a fintech company that provides its clients with technology stack, scoring capabilities and banking partners, has raised a USD 2. 98 million (KSh 33. 11 hours ago · Standard Group Plc HQ Office, The Standard Group Center,Mombasa Road. The company had raised a total of $920K … Nigerian fintech startup, OnePipe, has secured $4. 11 hours ago · This is now the seventh Kenyan-based tech start-up after Kune Foods, Notify Logistics, WeFarm, BRCK and Sky-Garden who closed shop in the last year, resulting in … The combined 19. 22 Mar 2023 06:51:10 Another tech start-up, Zumi, an e-commerce platform dealing with non-food commodities, has shut down after funding dried up, adding to the growing list of tech firms that have collapsed in recent . The company had raised a total of $920K … Top Tech Startups in Kenya in 2023 30 results total - Page 1 of 2. Likewise, the number of. Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, running a host of startup … 4. The company had raised a total of $920K … 7th Kenyan tech start-up goes under on lack of funding. Starting a small business from scratch can be extremely challenging. 6 billion) in. 1 day ago · Nairobi-based fashion startup Zumi is shutting down. Top Posts. The Fund aims to support the successful development and growth of high potential mobile tech startups in Kenya through a combination of investment, business development support and technical … 11 hours ago · Standard Group Plc HQ Office, The Standard Group Center,Mombasa Road. Other investors in the round included Launch Africa, … The Fund is a venture capital fund that aims to support the successful development and growth of high potential mobile tech startups in Kenya. Among them is M-Changa that integrates email, SMS and social networks. 22 Mar 2023 07:56:38 Some of the best crowdfunding platforms in Kenya include Kiva, Indiegogo, Kickstarter and Zidisha. 2 million),” Disrupt Africa Tech Startups 2020 Funding report shows.