Number of Investment Vehicles launched
- Average Deal Size
According to Disrupt Africa, 24 Kenyan tech start-ups raised US $32.8 million in 2017, accounting for 17 percent raised in Africa. This represents an 8 percent decrease in the number of deals from 2016, when 26 Kenyan ventures received investment. The average investment size has varied dramatically over the past 3 years, starting at US $2.6 million in 2015, decreasing 85 percent to US $400,000 in 2016, and increasing again by 250 percent to US $1.4 million in 2017. While the agritech sub-sector accounted for more money in 2017, more e-commerce ventures secured backing with five start-ups receiving investment, compared to three agritech ventures.
There were 9 Kenyan rounds over US $1 million in 2017. While these deals may include deals above of ANDE’s US $2 million SGB definition, the average deal sizes indicate that most of the deals would meet ANDE’s criteria.