Kenya Startup Funding Slows Sharply as Investors Pivot to Quality Over Quantity

Africa · Eastern Key Facts —Funding peak and fall. Kenyan startup funding peaked at roughly $570–$600 million in 2022 before dropping 40% to $692 million in 2023. —Concentration in fewer deals. The number of Kenyan startups raising at least $100,000 fell by 23% year-on-year, even as aggregate capital stayed high. —Cleantech dominance. Cleantech alone accounted…