HomeListsTop Funded Kenya Startups of 2020
Startup List
Public
Generated Feb 16, 2026

Top Funded Kenya Startups of 2020

Ranked by total funding announced in 2020 (USD).

S
Curated by StartupList Africa
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2020 Funding
$491.5M
Avg Valuation
N/A
Companies
25
Backer relationships
334

Market Map

25 companies in this list

1
Lendable

Lendable is the leading provider of debt to fintechs in emerging and frontier markets.

HQ Location
Nairobi, Kenya
Stage
Debt Financing
Latest tracked round
August 2025
2020 Funding
$140.2M
Backers
7
2
Sun King

Sun King designs, distributes and finances Sun King solar home energy solutions to households and businesses who lack reliable access to the grid.

HQ Location
Nairobi, Kenya
Stage
Expansion
Latest tracked round
December 2025
2020 Funding
$90M
Backers
31
3
Thunes

Thunes is a B2B company that powers payments for the world’s fastest-growing businesses.

HQ Location
Nairobi, Kenya
Stage
Late Stage Venture
Latest tracked round
July 2023
2020 Funding
$60M
Backers
12
4
Twiga Foods

Twiga Foods is a business-to-business marketplace platform that sources produce directly from farmers and delivers it to urban retailers.

HQ Location
Nairobi, Kenya
Stage
Late Stage Venture
Latest tracked round
November 2021
2020 Funding
$29.4M
Backers
22
5
Komaza

Komaza is making smallholder farmers the future of African forestry

HQ Location
Kilifi, Kenya
Stage
Debt Financing
Latest tracked round
January 2022
2020 Funding
$28M
Backers
4
6
Sendy

Sendy is an online platform for package and cargo delivery

HQ Location
Kilimani, Kenya
Stage
Venture
Latest tracked round
November 2022
2020 Funding
$20M
Backers
13
7
Sokowatch

Wasoko (formerly Sokowatch) is transforming communities across Africa by revolutionizing access to essential goods and services.

HQ Location
Nairobi, Kenya
Stage
Early Stage Venture
Latest tracked round
March 2022
2020 Funding
$14M
Backers
24
8
SunCulture

SunCulture is a Kenyan startup that empowers smallholder farmers with solar irrigation

HQ Location
Lavington, Kenya
Stage
Debt Financing
Latest tracked round
September 2025
2020 Funding
$14M
Backers
16
9
Angaza

Angaza is a Kenya-based Alternative Energy startup that develops solar energy systems designed to increase clean energy access in off-grid markets

HQ Location
Kilimani, Kenya
Stage
Early Stage Venture
Latest tracked round
October 2020
2020 Funding
$13.5M
Backers
10
10
d.light

d.light is an international Energy startup that serves people without access to reliable electricity.

HQ Location
Nairobi, Kenya
Stage
Receivables Financing
Latest tracked round
July 2025
2020 Funding
$10M
Backers
32
11
Solarise Africa

Solarise Africa owns and leases captive rooftop and ground mounted solar projects for commercial and industrial clients in Africa.

HQ Location
Nairobi, Kenya
Stage
Venture
Latest tracked round
December 2022
2020 Funding
$10M
Backers
9
12
TerraPay

TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network.

HQ Location
Nairobi, Kenya
Stage
Debt Financing
Latest tracked round
July 2024
2020 Funding
$9.6M
Backers
7
13
Apollo Agriculture

Apollo Agriculture is a technology company based in Nairobi, Kenya that helps small-scale farmers maximize their profits.

HQ Location
Nairobi, Kenya
Stage
Early Stage Venture
Latest tracked round
May 2026
2020 Funding
$9.6M
Backers
25
14
Mdundo

Mdundo is a music service providing Africa with easy and affordable access to music.

HQ Location
Nairobi, Kenya
Stage
Equity Crowdfunding
Latest tracked round
September 2020
2020 Funding
$6.4M
Backers
1
15
Copia Global

Copia Global provides a consumer catalog order and delivery system intended to serve consumers in the developing world.

HQ Location
Nairobi, Kenya
Stage
Late Stage Venture
Latest tracked round
January 2022
2020 Funding
$5M
Backers
15
16
Ilara Health

Ilara Health provides Affordable technology-powered diagnostics for Africa

HQ Location
Nairobi, Kenya
Stage
Debt Financing
Latest tracked round
January 2025
2020 Funding
$4.9M
Backers
21
17
Fuzu

Fuzu is a personal career companion that provides exciting job opportunities, new skills and career guidance at every step of the way.

HQ Location
Nairobi, Kenya
Stage
Early Stage Venture
Latest tracked round
March 2020
2020 Funding
$4M
Backers
11
18
Sote

Sote is a Nairobi-based African supply-chain-start-up which offers licensed tech-enabled customs clearing and forwarding service.

HQ Location
Nairobi, Kenya
Stage
Seed
Latest tracked round
January 2022
2020 Funding
$3.2M
Backers
14
19
Kasha

Kasha empowers all women to confidentially and affordably purchase the products they need to live their best lives

HQ Location
Nairobi, Kenya
Stage
Early Stage
Latest tracked round
July 2025
2020 Funding
$3M
Backers
17
20
One Acre Fund

One Acre Fund supplies smallholder farmers with the financing and training they need to grow more food and earn more money.

HQ Location
Bungoma, Kenya
Stage
Grant
Latest tracked round
September 2024
2020 Funding
$3M
Backers
5
21
Little Ride

Little Ride is a Kenya-based indigenous ride-hailing service.

HQ Location
Nairobi, Kenya
Stage
Venture
Latest tracked round
July 2020
2020 Funding
$3M
Backers
1
22
Solar Panda

Providing accessible solar power to African communities through flexible payment solutions.

HQ Location
Nairobi, Kenya
Stage
Early Stage Venture
Latest tracked round
July 2022
2020 Funding
$3M
Backers
3
23
Kasha Global

Kasha is innovative ecommerce in East Africa for women's health, personal care and beauty products built for urban and rural areas.

HQ Location
Nairobi, Kenya
Stage
Venture
Latest tracked round
September 2024
2020 Funding
$3M
Backers
6
24
Sanergy

Sanergy is aNairobi based waste management startup that aims to provide affordable and accessible waste management solutions.

HQ Location
Nairobi, Kenya
Stage
Venture
Latest tracked round
June 2022
2020 Funding
$2.6M
Backers
9
25
WorkPay

WorkPay is an end to end HR and payroll system offering time tracking, payroll management, and payouts to all banks in Kenya plus M-Pesa.

HQ Location
Thika, Kenya
Stage
Non-equity Assistance
Latest tracked round
November 2024
2020 Funding
$2.1M
Backers
19

Showing 25 of 25 companies