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The Startup Ecosystem of Hargeisa

Home to 37% of Somalia’s startups, Hargeisa has a vibrant startup ecosystem that is ranked 762 in the world.

CITY RANKING

In 2024, the startup scene of Hargeisa shows much promise after advancing in the Global Ecosystem Index by 80 spots.

National Ranking

2nd
0
In Somalia

Regional Ranking

9th
0
In Eastern Africa

Global Ranking

762nd
+
80
Worldwide

Ecosystem

Startup Ecosystem Overview

Startups

Hargeisa Top Startup Industries

Software & Data icon
Software & Data
5 startups
Healthtech icon
Healthtech
4 startups
Fintech icon
Fintech
4 startups

Ecosystem HealthCheck

Hargeisa Ecosystem Health Check

The health check tables allow you to look at the performance Hargeisa has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global76225
Ecommerce & RetailN/A02
EdtechN/A02
Energy & EnvironmentN/A02
FintechN/A04
FoodtechN/A03
Hardware & IoTN/A00
HealthtechN/A04

ECOSYSTEM

Browse the startup ecosystem database of Hargeisa

Download list
Zaad startup logo
Fintech | Financial Services
Unranked
Wadaag Investment startup logo
Fintech | Financial Services
Unranked
WADAAG TECHNOLOGIES startup logo
Software & Data | Enterprise Technology
Unranked
CAAFiSOM startup logo
Healthtech | Health Care
Unranked
SOiBSO Marketplace startup logo
Ecommerce & Retail | Ecommerce & Retail-Other
Unranked
Unranked
Beder Electricity Company startup logo
Energy & Environment | Energy
Unranked
Fig Insights startup logo
Software & Data | Data Analytics
Unranked
/_next/static/images/no_logo-8d6edbd64d3c596416a8ea98e6861a9e.png SoBigDeal startup
Ecommerce & Retail | Marketplaces
Unranked
/_next/static/images/no_logo-8d6edbd64d3c596416a8ea98e6861a9e.png Dhaweeye startup
Transportation | Ride-Hailing
Unranked
/_next/static/images/no_logo-8d6edbd64d3c596416a8ea98e6861a9e.png DahabPlus startup
Fintech | Online Banking
Unranked

Showing 1 – 20 out of 25

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Startup Ecosystem Charts

Startup Funding in Hargeisa2017 - 2024

Startup Funding in Hargeisa 2017 - 2024

From 2022 to 2023, startup funding in Hargeisa has increased by 400%. During this period, the number of deals in Hargeisa has increased by 300%. Since 2017, total startup funding in Hargeisa exceeded US$ $800.00K.

Average Funding in 2023

$62.50K

Hargeisa
Somalia
+25.00% YoY

Funding in 2023

$250.00K

Hargeisa
Somalia
+400.00% YoY

Deals in 2023

4

Hargeisa
Somalia
+300.00% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B01234

Ecosystem

The Startup Ecosystem in Hargeisa

Startups in Hargeisa excel in Software & Data, Healthtech, and and Fintech. There are some notable success stories contributing to the city’s growing Software & Data industry. One of the most promising startups in Hargeisa in 2024 is Zaad, Wadaag Investment, and WADAAG TECHNOLOGIES.

Global Rank

Hargeisa is ranked within the top 1000 startup ecosystems globally.

Top Industries

Hargeisa’s startups excel particularly in Software & Data and in Healthtech, and Fintech. Find out more

Top Cities for Startups in Somalia - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
informational icon
Total Score
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Quantity Score
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Quality Score
informational icon
Business Score
1st
0
663rd
+
15
0.273
0.180
0.043
0.050
2nd
0
762nd
+
80
0.204
0.076
0.090
0.038
Microsoft Excel icon
Download CSV file
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Startups

Notable Startups in Hargeisa
Zaad startup icon
Zaad
Wadaag Investment startup icon
Wadaag Investment
WADAAG TECHNOLOGIES startup icon
WADAAG TECHNOLOGIES

ECOSYSTEM

Why should you join Hargeisa's Startup Ecosystem?

Overview

2nd

National Rank

9th

Regional Rank

Overview

ECOSYSTEM
Startup Infrastructure in Hargeisa
With a large variety of initiatives, Hargeisa's startup ecosystem stands out from other cities in Eastern Africa. Hargeisa offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Hargeisa's most prominent support initiatives:

BLOG

Recent Posts

Wed Apr 02 2025

Corporate Startup Activity Index 2025

For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index  is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]

Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]

Thu Feb 20 2025

Learning from Bulgaria: Stakeholder Engagement in Startup Ecosystems

In this episode of the Startup Ecosystem Podcast, we’re traveling back in time by revisiting an old recording to explore the state of Bulgaria’s startup ecosystem in 2022. This episode features an interview by Eli David Rokah, CEO of StartupBlink, with Momchil Vassilev, the Managing Director of Endeavor Bulgaria, discussing how different stakeholders’ engagement in […]