Kenya funding

An Africa-based biochar developer has raised $1.5 million in pre-seed funding to expand its model of installing biochar production units at food processing facilities across Sub-Saharan Africa. Biochar locks carbon away for long periods, generating removal credits, and by placing units at existing food processors, the startup taps a ready supply of agricultural waste as feedstock. The round signals growing investor interest in durable carbon removal in emerging markets.

Twiga Foods is a Kenyan agri-tech startup that aimed to fix the fragmented fresh-produce supply chain by linking farmers directly with urban vendors via an app. The company has fallen into administration after a $35 million convertible bond lifeline failed to keep it afloat.

Uncover is a Kenyan startup focused on providing innovative solutions in its market. The company has recently raised funds to support its expansion efforts, indicating strong growth potential.

ARC Ride is a Kenyan electric mobility startup focused on scaling battery-swapping infrastructure for electric motorcycles across Africa. They aim to reduce the high cost of batteries, a major barrier to EV adoption, by offering a battery-as-a-service model. This new funding will expand their network, add electric motorcycles to their fleet, and enter new markets.

Flowt is a Kenyan fintech company that uses AI to analyze businesses' financial records and convert them into lender-ready data. They focus on expanding lending to small climate-focused businesses that struggle to access traditional bank credit. The company has raised a $550,000 pre-seed round to support its goal of building a $1 million loan book by the end of 2026.

Credrails is a Kenyan fintech startup that provides open banking services by connecting banks, mobile money, and offline financial data into a single API. The company aims to improve banking infrastructure across Africa and has access to 250 million accounts in 33 countries.

Roam is a company that has successfully raised $24 million in Series A funding. This funding will help the company expand its operations and enhance its offerings in the market.

M-Kopa is a Kenyan-based asset-financing platform that provides affordable solar energy solutions to off-grid households. The company has secured a significant debt package to support its operations amidst a challenging funding environment for startups in Africa.

Kenyan Web3 startups are gaining traction as blockchain investment sees a resurgence. This funding round highlights the growing interest and potential in the Web3 space within Kenya.

SunCulture is a Kenyan climate-tech startup that provides solar-powered irrigation solutions to small-scale farmers. The company aims to enhance agricultural productivity by offering affordable irrigation systems that are environmentally friendly and cost-effective compared to traditional fuel-based pumps.

Daya is a Nairobi-based fintech that builds payment and treasury infrastructure for African businesses. It aims to simplify cross-border payments by consolidating financial operations into a single system, allowing businesses to manage their entire financial workflow from one dashboard.

Coamana applies AI to interpret real-time data from informal food markets, making traditionally opaque supply chains visible to governments and businesses. This innovative approach addresses significant gaps in the local economy by enhancing transparency and efficiency.

CreditChek is a fintech company focused on expanding credit infrastructure across East Africa. The company aims to enhance access to credit for individuals and businesses in the region, addressing the challenges of financial inclusion. This funding round will support their growth and development efforts in this emerging market.

Spiro is an electric vehicle platform focused on transforming urban transport in Africa by providing electric motorcycles and battery-swap stations. The company aims to reduce reliance on fossil fuels and improve mobility costs for riders, while also addressing environmental concerns through its clean energy initiatives.

Peach Cars is a Kenyan-based used car marketplace that aims to digitize and formalize vehicle transactions across East Africa. The company offers a full-stack digital platform that integrates vehicle inspections, financing, logistics, and after-sales support, addressing the fragmented used car sales ecosystem in the region.

Bio-Logical is a climate tech startup focused on empowering smallholder farmers by converting agricultural waste into carbon-rich biochar. This innovative approach not only sequesters CO2 but also revitalizes degraded farmlands, providing affordable climate-smart fertilizers to farmers. The recent $1 million seed funding will help scale their operations and expand their model across the region.

develoPPP Ventures is launching its 11th cohort, providing a non-dilutive funding opportunity of €100K for high-impact startups in Kenya. This initiative aims to support innovative companies that can drive significant social and economic change in the region.