HomeListsTop Funded Kenya Startups of 2023
Startup List
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Generated Feb 16, 2026

Top Funded Kenya Startups of 2023

Ranked by total funding announced in 2023 (USD).

S
Curated by StartupList Africa
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2023 Funding
$842.5M
Avg Valuation
N/A
Companies
25
Backer relationships
324

Market Map

25 companies in this list

1
M-KOPA

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
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
2023 Funding
$130M
Backers
31
3
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
2023 Funding
$100M
Backers
7
4
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
2023 Funding
$72M
Backers
12
5
Victory Farms

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
6
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
2023 Funding
$61.9M
Backers
32
7
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
2023 Funding
$21M
Backers
17
8
Hewatele

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
9
MYDAWA

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
10
Hakki Africa

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
11
Zanifu

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
12
BURN

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
13
Mawingu

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
14
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
2023 Funding
$7.5M
Backers
5
15
Mogo Auto

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
16
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
2023 Funding
$6.9M
Backers
25
17
BasiGo

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
18
Amini

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
19
MyCredit

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
20
Lipa Later

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
21
Peach Cars

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
22
Jumba

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
23
FarmWorks

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
24
Kubik

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
25
Jacaranda Health

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