Kenya’s Leading Startup Incubator Continues Expansion with Opening of New Location

Google+ Pinterest LinkedIn Tumblr +

The Nairobi Garage, Kenya’s leading startup incubator, has opted to expand its operations in Nairobi Kenya. The tech space has announced the opening of a new location in Watermark Business Park, in Karen, Nairobi. The famous Garage, already has two locations in Nairobi, which stand as a testament to the project’s success.

“Our Karen space provides 18 private offices, as well as co-working desks and lush meeting rooms – set in spectacular grounds,” the group said in a recent statement.

The expansion comes roughly five months after Asoko Insight, an information services company focused on delivering the best corporate data and analytics platform in Africa, joined the Nairobi Garage.

Asoko Insight was launched in 2014. The firm operates through research bases in Accra, Lagos, Nairobi, Addis Ababa and Abidjan, collecting and analyzing company information through channels such as technology, partnerships and teams of research analysts and data services personnel.

The company also provides up-to-date management information, profiles, insights and data on unlisted companies across Africa to investors, global corporates and institutions.

Asoko Insight is one of many startups that have joined the Nairobi Garage in recent months.

In 2018, 3 Nairobi Garage based startups were among a list of companies that raised a combined total of $168.6 million during the year.

The funding was raised across 118 disclosed deals within the African start-ups ecosystem outstripping the 2017 annual funding mark of $167.7 million, according to a report dubbed The African Start-ups and VC Ecosystem Report by Wee Tracker.

At the time, Branch International, a micro-lending platform and an alumnus of the Nairobi Garage bagged $20 million.

Other companies that made it to the top ten list include Mkopa Solar and Africa’s Talking, both from Kenya, SWVL from Egypt, Nigeria’s Sure Remit and Lidya, along with Kenya’s We Farm and Terragon Group.

The Nairobi Garage hopes to continue this trend in 2019 as the group seeks to sign on new startups to join its co-working space. The new hub in Karen demonstrates the group’s commitment to Kenya’s startup industry.


About Author

Leave A Reply