Startup market size in Kenya 2020-2022, by funding and deal count
In 2022, the Kenyan startup scene managed to close 147 funding deals, with an aggregate value of close to 1.01 billion U.S. dollars. This was higher in both aspects compared to the previous year, when 112 funding deals with a value of 225.9 million U.S. dollars were reached. Over the three observed years, the number of deals and value of funding received followed an increasing trend.