Kenya Startup Funding Trends 2025
Kenya raised $638 million in startup funding in 2024, marking a 3% growth amidst a 25% decline across Africa. The cleantech sector accounted for 46% of total funding, showcasing a shift from fintech dominance.
Cassava Technologies Secures USD 310 Million in Funding
Cassava closed a $90 million equity investment round. Participation from U.S. International Development Finance Corporation, Finnish Fund for Industrial Cooperation, and Google LLC.
Kenya’s M-Kopa Lands $51 Million in Debt Financing from DFC
M-KOPA has obtained a $51 million loan from the DFC to enhance digital connectivity in Kenya. The funding will enable M-KOPA to provide affordable smartphones and expand access to digital financial services.
Kenya’s Copia Faces Layoff Of 1000+ Staff & Shutdown As Financial Struggles Bite
Copia Global faces financial constraints and potential organizational restructuring or shutdown. The company acknowledges the challenges ahead, including workforce reduction and the inability to make payroll.
