KOKO Networks
Smart commerce platform
- Category:
- Other
- Country:
- Kenya
- Founded:
- 2013
- Cause of Failure:
- Loss of carbon credit revenue
- Outcome:
- Shutdown
- Shut Down in:
- January 2026
- Founders:
- Greg Murray
- Number of Founders:
- 1
- Number of Employees:
- 1001-5000
- Funding Amount:
- Unknown
- Funding Rounds:
- Seed
- Notable Investors:
- Mirova, Rand Merchant Bank, Microsoft Climate Innovation Fund
About KOKO Networks
KOKO Networks was a platform for smart commerce in urban Africa.
What went wrong?
Following the government's discontinuation of its carbon credit sales, Koko Networks, a Kenyan clean cooking startup, laid off all 700 employees and ceased operations on Friday, January 30th. The Financial Times reported that the startup was facing bankruptcy after failing to secure government approval to sell its carbon credits.
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The Rise & Fall of KOKO Networks: A Cautionary Tale for Kenya's & Africa's Climate StartupsSubscribe to our newsletter
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