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2024 African Venture Capital Report

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African Startup Funding Tracker

US$2,286,189,000+

*Data updated daily at 18:00 EAT

USD 100 K+ Non-Dilutive Funding Opens For High-Impact Startups In East Africa
USD 100 K+ Non-Dilutive Funding Opens For High-Impact Startups In East Africa

develoPPP Ventures has opened applications for its 10th cohort, offering EUR 100 K (~USD 116 K) in non-dilutive, matching funding to post-revenue startups across Kenya, Rwanda, and Tanzania.

Backed by Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by DEG Impulse, the program targets companies that have proven their business model and are ready to scale high-impact solutions.

The equity-free funding requires startups to secure equivalent private investment, effectively doubling available capital while allowing founders to retain ownership. develoPPP Ventures has already supported more than 100 companies, with alumni across East Africa citing the mix of flexible financing and hands-on technical support as critical to hitting revenue milestones, expanding customer bases, and refining operations during pivots.

Applications for the new cohort are open November 15 – December 31, 2025, with referrals accepted until November 30. Women-led and gender-focused ventures are especially encouraged to apply.