HomeKenya has been a conducive hub for startups. Together with Nigeria, South Africa, Morocco and other nations, Nairobi has been one of the go-to hubs for different startup companies. The vibrant business space has in turn inspired investor confidence. Kenyan startups have raised more than $257 million (Ksh 29.7 billion) over the past two years.
Here is a list of the startups:
Twiga foods- $50 million (Ksh 5.6 billion)
Copia- $50 million (Ksh 5.6 billion)
Market Force- $42 million (Ksh 4.8 billion)
Apollo Agriculture- $40 million (Ksh 4.5 billion)
Poa Internet- $28 million (Ksh 3 billion)
Lipa Later- $12 million (Ksh 1.36 billion)
Pula- $6 million (Ksh 674 million)
Amitruck- $4 million (Ksh 454 million)
Kwara- $4 million (Ksh 451.6 million)
BasiGo- $3.3 million (Ksh 389 million)
Tushop- $3 million (Ksh 345 million)
Wowzi- $3.2 million (Ksh 321 million)
Pariti- $2.85 million (Ksh 320 million)
Wapi Pay- $2.2 million (Ksh 244 million)
Asilimia- $2 million (Ksh 225 million)
Lami- $1.8 million (Ksh 202 million)
Affluence- $1 million (Ksh 112 million)
Kune- $1 million (Ksh 112 million)
Craydel- $1 million (Ksh 112 million)
Twiga and Copia
Twiga and Copia which have raised more than all the other companies in the list use mobile apps to ease transactions. Twiga connects farmers to consumers. Copia on the other hand connects buyers in rural, remote areas with sellers of goods that can only be available in big cities.
The $50 million they raised is part of their Series C funding. Uniquely, both companies have had the United States International Development Finance Corporation play some part in their financing.
