Top Funded Kenya Startups of 2023
Ranked by total funding announced in 2023 (USD).
Market Map
25 companies in this list
M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day.
- HQ Location
- Nairobi, Kenya
- Stage
- Debt Financing
- Latest tracked round
- May 2024
- 2023 Funding
- $275M
- Backers
- 28
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
- 2023 Funding
- $130M
- Backers
- 31
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
- 2023 Funding
- $100M
- Backers
- 7
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
- 2023 Funding
- $72M
- Backers
- 12
Victory Farms is the fastest growing white protein platform in East Africa.
- HQ Location
- Nairobi, Kenya
- Stage
- Debt Financing
- Latest tracked round
- April 2026
- 2023 Funding
- $35M
- Backers
- 10
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
- 2023 Funding
- $61.9M
- Backers
- 32
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
- 2023 Funding
- $21M
- Backers
- 17
Hewatele is a registered social enterprise setup with a key mandate to ensure oxygen is available, affordably to all needy patients.
- HQ Location
- Nairobi, Kenya
- Stage
- Debt Financing
- Latest tracked round
- August 2025
- 2023 Funding
- $20M
- Backers
- 6
MyDawa is Kenya’s Most Trusted Online Pharmacy, for Affordable and Genuine Medicine.
- HQ Location
- Nairobi, Kenya
- Stage
- Venture
- Latest tracked round
- April 2025
- 2023 Funding
- $20M
- Backers
- 8
Hakki Africa is a Kenya-based FinTech startup that provides microfinance services for small and medium-sized enterprises.
- HQ Location
- Nairobi, Kenya
- Stage
- Debt Financing
- Latest tracked round
- September 2025
- 2023 Funding
- $12.8M
- Backers
- 23
Zanifu was built with the idea of building local technical solutions to local problems
- HQ Location
- Westlands, Kenya
- Stage
- Corporate
- Latest tracked round
- September 2025
- 2023 Funding
- $11.2M
- Backers
- 10
BURN is a Kenyan clean energy startup working to create the world’s most efficient biomass, liquid fuel, and electric cookstoves.
- HQ Location
- Riuru, Kenya
- Stage
- Venture
- Latest tracked round
- July 2025
- 2023 Funding
- $10M
- Backers
- 15
Mawingu uses high-performance low-cost wireless technology and solar power to build fast internet networks in rural areas.
- HQ Location
- Nanyuki, Kenya
- Stage
- Expansion
- Latest tracked round
- October 2025
- 2023 Funding
- $9M
- Backers
- 9
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
- 2023 Funding
- $7.5M
- Backers
- 5
Mogo is a Kenyan vehicle financing company.
- HQ Location
- Nairobi, Kenya
- Stage
- Early Stage Venture
- Latest tracked round
- February 2026
- 2023 Funding
- $7M
- Backers
- 2
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
- 2023 Funding
- $6.9M
- Backers
- 25
BasiGo is a Kenyan early-stage e-mobility start-up creating the future of clean, electric public transit in Africa.
- HQ Location
- Nairobi, Kenya
- Stage
- Expansion
- Latest tracked round
- November 2025
- 2023 Funding
- $6.5M
- Backers
- 25
Amini is a Kenyan startup that uses artificial intelligence and satellite technology to bridge Africa's environmental data.
- HQ Location
- Nairobi, Kenya
- Stage
- Seed
- Latest tracked round
- November 2023
- 2023 Funding
- $6M
- Backers
- 8
MyCredit is a Kenyan consumer-focused fintech offering quick loans and insurance solutions to individuals.
- HQ Location
- Nairobi, Kenya
- Stage
- Early Stage Venture
- Latest tracked round
- January 2026
- 2023 Funding
- $5.6M
- Backers
- 3
Lipa Later is a digital lending marketplace providing "buy now pay later" services.
- HQ Location
- Nairobi, Kenya
- Stage
- Grant
- Latest tracked round
- October 2024
- 2023 Funding
- $5M
- Backers
- 11
Peach Cars is a Kenyan e-commerce solution revolutionizing car ownership in sub-Saharan Africa.
- HQ Location
- Nairobi, Kenya
- Stage
- Debt Financing
- Latest tracked round
- July 2026
- 2023 Funding
- $5M
- Backers
- 9
Jumba is a construction tech platform that simplifies B2B purchase and financing of construction materials
- HQ Location
- Nairobi, Kenya
- Stage
- Seed
- Latest tracked round
- February 2023
- 2023 Funding
- $4.5M
- Backers
- 7
FarmWorks is an Kenyan AgTech startup aiming to unlock Africa's agricultural potential by building clusters of mid-sized farms.
- HQ Location
- Nairobi, Kenya
- Stage
- Seed
- Latest tracked round
- July 2023
- 2023 Funding
- $4M
- Backers
- 3
Kubik is a Kenyan startup that turn hard-to-recycle plastic waste into low-cost, low-carbon building materials.
- HQ Location
- Nairobi, Kenya
- Stage
- Seed
- Latest tracked round
- April 2024
- 2023 Funding
- $3.3M
- Backers
- 13
Jacaranda Health delivers sustainable solutions in partnership with government hospitals to improve quality of care for moms & newborns.
- HQ Location
- Nairobi, Kenya
- Stage
- Grant
- Latest tracked round
- October 2024
- 2023 Funding
- $3.3M
- Backers
- 5
Showing 25 of 25 companies