Venture Capital (V C): Its Impact on Growth of Small and Medium Enterprises in Kenya. The purpose of this study was to find out the impact of venture capital on growth of Small and Medium Enterprises (SME). The lack of finance has been cited as a major contributor to SME failure in Kenya. Venture capital which is the best source of business finance has been in Kenya for long but little used. The study concluded that SME that use venture capital experience improved growth and thus more SMEs should be encouraged to use this form of finance if the country has to achieve its vision 2030.