Africa · Eastern

Key Facts

—Funding peak and fall. Kenyan startup funding peaked at roughly $1.1 billion in 2022 before dropping about 40% to $692 million in 2023.

—Concentration in fewer deals. The number of Kenyan startups raising at least $100,000 fell by 23% from a year earlier, even as aggregate capital stayed high.

—Cleantech dominance. Cleantech alone accounted for about 46% of Kenya’s startup funding in 2024, displacing pure-play fintech as the leading sector.