GJO & PartnersInvest Matching

Energy in Kenya: funding deals and active investors

One of the best-documented segments on the platform. Latest rounds, investors who lead them, tickets and instruments — Energy, Kenya.

37

deals recorded

19

over 12 months

33.3 M$

median disclosed ticket

37

identified investors

Key findings

  • 37 funding deals recorded (Energy, Kenya) since 2015, involving 25 companies and 37 identified investors. 19 of them over the last 12 months (9 the previous year).
  • Median disclosed ticket: 33.3 M$; half of the deals fall between 10 M$ and 55 M$ (29 amounts disclosed out of 37, 1.6 bn $ in total).
  • Where the money goes: Electric mobility (38 %), Wind, hydro, geothermal and biogas (19 %), Clean cooking (11 %).
  • Most frequent stage: Growth (32 %); most used instrument: Equity (43 %).
  • Most active investors: Novastar Ventures (4), A.P. Moller Capital (3), Equitane (3).
  • 16 % of deals are syndicated (at least two investors around the table).

Industries

  • Electric mobility14
  • Wind, hydro, geothermal and biogas7
  • Clean cooking4
  • Off-grid solar and solar kits4
  • Power generation (utility-scale)2

Stages

  • Growth12
  • Debt11
  • Seed4
  • Series A2
  • Series C+2

Instruments

  • Equity16
  • Senior debt13
  • Quasi-equity1

Deals per year

YearDealsDisclosed amounts
2022578 M$
2024242 M$
202513811.8 M$
202614512.8 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
SunCultureProductive use: solar cooling and pumping · Kenya · DebtSept 202610 M$Mirova Natural Capitalsource
SpiroElectric mobility · Kenya · DebtSept 202618 M$Africa Go Green Fund (AGG)source
Arc Ride LtdElectric mobility · KenyaSept 2026undisclosedProparcosource
ARC RideElectric mobility · Kenya · DebtSept 202633.3 M$Novastar Venturessource
M-KOPA KenyaElectric mobility · Kenya · DebtJul 202630 M$FMOsource
SpiroElectric mobility · Kenya · GrowthJun 202655 M$NewTrails Capitalsource
SpiroElectric mobility · Kenya · GrowthJun 2026215 M$Impact Fund Denmarksource
Sistema.bioWind, hydro, geothermal and biogas · KenyaMar 202653 M$BNP Paribas Asset Management Altssource
ZenoElectric mobility · Kenya · Series AMar 202625 M$Congruent Venturessource
SpiroElectric mobility · Kenya · DebtFeb 202650 M$Afreximbank (Banque africaine d'import-export)source
SpiroElectric mobility · Kenya · DebtFeb 20267 M$Nithiosource
OrPower Twenty-Two Limited (OTTL)Wind, hydro, geothermal and biogas · Kenya · GrowthJan 202616.5 M$Banque africaine de développement (BAD)source
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.