Top 5 Clean Energy VC Funds &amp; Investors in Mauritius (October 2026)

Created in 2012, FSD Africa is a £30 million financial sector development programme or ‘FSD’ based in Nairobi. It is funded by UK aid from the UK Government. FSD Africa aims to reduce poverty across sub-Saharan Africa by building financial markets that are efficient, robust and inclusive.FSD Africa is a market facilitator or catalyst. It appliesa combination of resources, expertise and research to address financial market failures and deliver a lasting impact. FSD Africa has a mandate to work across sub-Saharan Africa on issues that relate to both ‘financial inclusion’ and ‘finance for growth.’FSD Africa is also a regional platform. It fosters collaboration, best practice transfer, economies of scale and coherence between development agencies, donors, financial institutions, practitioners and government entities with a role in financial market development in sub-Saharan Africa. In particular, FSD Africa provides strategic and operational support to the FSD Network.

Investment focus

Industry: Financial Services, Energy, Finance
Stage:Grant, Venture - Series Unknown, Seed
Geography: Kenya, Ethiopia, United States

Investor stats

Total investments: 23
Round size: Seed $4M–$6M; Grant $10k–$134k; Venture - Series Unknown $4.5M–$10M
Lead/follow: 78% lead, 22% follow

Portfolio highlights

Miarakap — Miarakap is the first impact investment company dedicated to financing and supporting Small and Medium Enterprises with high potential in Madagascar.
Dhamana Guarantee — Dhamana provides guarantees that unlock local currency financing, mobilise domestic capital and support sustainable growth across East Africa.
Africa Renewables Katalyst — ARK (Africa Renewables Katalyst Ltd) a Kenyan based company focused on helping Africa realize its full renewable energy potential through I-RECs

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The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

Investment focus

Industry: Biotechnology, Energy, Health Care
Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
Geography: France, Germany, Spain

Investor stats

Total investments: 595
Round size: Post-IPO Debt $18M–$587M; Debt Financing $16M–$355M; Venture - Series Unknown $8.7M–$90M
Lead/follow: 83% lead, 17% follow

Portfolio highlights

VaxThera — VaxThera develops and produces vaccines to prevents and treats diseases.
Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
Reactive Technologies — Reactive Technologies we are committed to enabling a more intelligent use of energy, for the largest and most complex business to the smallest household. Our aim is to develop new technologies that will positively assist the energy industry to deliver cleaner, greener and more affordable energy, through more efficient and effective energymanagement and control. Through our innovative, cloud-based solution for Corporate customers – Tradenergy® – we have begun this process and with our pipeline of ground breaking new technologies we intend to continue.

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Fortis Green Renewables Investment Management provides flexible capital to renewable energy assets in Sub-Saharan Africa. The management team has extensive African investment experience: $14 billion across 20 African countries. The company was founded in 2020 and is based in Kigali, Africa.

Investment focus

Industry: Energy, Finance, Clean Energy
Stage:Venture - Series Unknown
Geography: Mauritius

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow
Last fund: Likely still investing — raised $4.5M in 2021

Portfolio highlights

Spark Energy Services — Spark Energy Services works with experienced developers across Africa, providing their partners with up to 100% upfront financing for the installation of on-site renewable energy and energy efficiency equipment for C&I businesses. Spark provides access to a diversified portfolio of clean energy projects across Africa, offering investors aclimate-positive investment with a strong, transparent, and robustly measured ESG profile. Through their development partners, Spark offers C&I companies a zero up-front cost solution to their energy needs, whilst significantly reducing their monthly power bills.

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Triple Jump is an impact-focused investment manager dedicated to creating positive social and environmental change while delivering healthy financial returns. Discover how we invest in emerging markets to drive sustainable growth.

Investment focus

Industry: Finance, Financial Services, Energy
Stage:Debt Financing, Seed, Series A
Geography: India, Mauritius, Benin

Investor stats

Total investments: 20
Round size: Debt Financing $2.1M–$19M
Lead/follow: 55% lead, 45% follow
Last fund: Likely still investing — raised $13M in 2022

Portfolio highlights

Candi — Combining the best of its roots in Switzerland, and extensive local presence, candi offers companies of all sizes the simplest, most efficient way to take advantage of solar power for their business.
Odyssey — Discover how Odyssey Energy Solutions unblocks bottlenecks in DRE project development. Access diverse financing, procure equipment efficiently, and remotely monitor system performance. Join over 2000 renewable energy companies that use Odyssey to scale. Get in touch today.
Union Nationale des Caisses Rurales d'Épargne et de Prêt — Union Nationale des Caisses Rurales d’Épargne et de Prêt is a Beninese microfinance cooperative serving farmers and entrepreneurs.

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