# Top 50 Energy Startup Investors in Africa in June 2026

## E3 Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 18
- Stages: Seed, Series A, Series B
- Focus: Energy, Solar, Renewable Energy

E3 Capital invests in growing, entrepreneurial businesses in Sub-Saharan Africa addressing the lack of electrification in the region with new technology and innovative business models. The fund is backed by Schneider Electric, the leading energy management multinational, and a number of public-sector investors.

## Acumen
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Agriculture, Health Care, Financial Services

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

## Factor E
- Type: VC Fund
- Location: Fort Collins, Colorado, United States
- Relevant deals: 8
- Stages: Seed, Series A, Convertible Note
- Focus: Energy, Renewable Energy, Agriculture

Factor E is a finance company that impacts venture builders, dedicated to supporting the people and ideas that will turn the tables in the global battle for sustainable solutions to energy, agriculture, mobility, and waste challenges in emerging and frontier markets. It serves as a conduit between philanthropic and commercial investors throughmarket-driven forces.

## All On
- Type: VC Fund
- Location: Ikoyi, Lagos, Nigeria
- Relevant deals: 8
- Stages: Seed, Grant
- Focus: Energy, Renewable Energy, Solar

All On: Energy Innovations. Powerful Collaboration. Our mission is to increase access to commercial energy products and services for under-served and un-served off-grid energy markets in Nigeria, with a special focus on the Niger Delta sources in Nigeria.

## EDFI ElectriFI
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 7
- Stages: Debt Financing, Series A
- Focus: Energy, Solar, Renewable Energy

Impact investment in sustainable energy

## Persistent
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Energy, Solar, Renewable Energy

Africa's Climate Venture Builder - We believe in the power of climate-positive economic development in Africa. For the last decade, we have been working hand in hand with exceptional entrepreneurs, investing both financial and human capital to build successful climate ventures on the continent. Our companies offer competitive financial returns required to drive lasting impact.

## Lion’s Head Global Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 6
- Stages: Debt Financing
- Focus: Renewable Energy, Solar, Energy

A global investment banking, asset management and advisory firm focused on delivering value to our clients in emerging and frontier markets

## Norfund
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 5
- Stages: Private Equity, Debt Financing
- Focus: Energy, Financial Services, Renewable Energy

Norwegian investment fund for developing countries

## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 5
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

## Aster
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Software, Energy, Manufacturing

Aster is a Venture Capital firm with offices in 4 major innovation hubs: Paris, London, Tel Aviv and San Francisco. Since 2000, they have partnered with more than 60 teams of entrepreneurs that are transforming markets with disruptive offers and technologies. They are always open to exploring new ideas related to mobility, energy and industrysectors that they have been covering until now. They invest in all stages, with a preference for the early phase.They are more than investors and they intend to act as an ally for entrepreneurs by connecting them to a valuable ecosystem of experts, influencers and business leaders. From marketing to executive talent, their commitment to the growth of their portfolio companies as well as the entire venture ecosystem also involves the commitment of their dedicated Operations team, their innovation strategy consulting firm (Aster Fab) and a crowdfunding branch to further expand opportunities (Aster Crowd).Some of their success stories include Solairedirect (acquired by Engie in 2015), Digital Lumens (acquired by Osram in 2017) and Avantium (IPOed in 2017).

## British International Investment
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 5
- Stages: Debt Financing, Series B
- Focus: Financial Services, Banking, Finance

British International Investment is the UK's development finance institution. We've been at the forefront of supporting companies in developing countries for more than 70 years.

## Novastar Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Agriculture, Health Care, Internet

For the many, not just the few. For good.

## Shell Foundation
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 4
- Stages: Grant, Seed
- Focus: Energy, Solar, Finance

Shell Foundation is a philanthropic foundation that enables millions of people in Africa and Asia to increase their incomes with clean energy solutions.

## CRE Venture Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, FinTech

Founded in 2015, CRE Venture Capital invests in early stage tech companies that are levered to Africa. CRE is headquartered in the New York metro area, with a regional office in Lagos, Nigeria.

## Opes Impact Fund
- Type: VC Fund
- Location: Milano, Lombardia, Italy
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Communities, Agriculture, Energy

Opes-Lcef is an impact investor that provides catalytic capital to early-stage social enterprises in emerging markets.

## GAIA Impact Fund
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 4
- Stages: Series A, Seed
- Focus: Solar, Energy, Renewable Energy

Gaia Impact Fund is a venture capital firm specializing in renewable energy that builds long-term partnerships with startups operating in Sub-Saharan Africa and South-East Asia with a strong environmental and social focus. The firm supports businesses enabling sustainable and affordable energy provision to local communities. In regions where energymixes are highly carbonized, it supports technological innovations and business models enabling a cost-efficient diffusion of renewable energy on a large scale.

## SunFunder
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 4
- Stages: Debt Financing, Series C
- Focus: Solar, Energy, Renewable Energy

SunFunder is a specialist financing company dedicated to pioneering and scaling clean energy and climate investments in emerging markets.

## Alphamundi
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 4
- Stages: Debt Financing, Series A, Series B
- Focus: Agriculture, Renewable Energy, Financial Services

AlphaMundi Group Ltd is a commercial entity based in Switzerland and exclusively dedicated to Impact Investing: profitable investments that generate substantial net benefits to society.  It was founded in 2007 by a group of partners with extensive experience in the financial industry as well as responsible investments, microfinance andphilanthropy.AlphaMundi provides debt and equity financing to scalable social ventures in strategic sustainable human development sectors such as microfinance, affordable education, fair trade agriculture and renewable energy.  AlphaMundi is currently investing out of its impact debt fund, SocialAlpha Investment Fund (SAIF) - Bastion, domiciled in Luxembourg.  AlphaMundi also manages co-investments for SAIF-Bastion investors and third parties.​AlphaMundi partners believe that Impact Investing is a new tool for development that can enhance more classical responsible investment approaches  (which often lack impact ​measurability) and complement charitable solutions (which often lack financial viability). To this extent, the firm also contributes to the emergence of Impact Investing through education events, publications and industry associations. Impact investments are now being integrated by leading US and European banks, pension funds, foundations and family offices into traditional investment portfolios, as primarily decorrelated, illiquid and profitable financial assets.

## LoftyInc Capital
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Software

LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

## FMO
- Type: VC Fund
- Location: The Hague, Zuid-Holland, The Netherlands
- Relevant deals: 3
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, Renewable Energy

FMO is a financial investment firm that specializes in financing businesses and projects FMO invests across the agribusiness value chain to enhance food security, support sustainability and promoting inclusive development.

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Information Technology

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa

## Unruly Capital
- Type: VC Fund
- Location: Italy, Texas, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Biotechnology, CleanTech, Manufacturing

Investing in the crazy before it becomes normal

## DOB Equity
- Type: VC Fund
- Location: Veessen, Gelderland, The Netherlands
- Relevant deals: 3
- Stages: Private Equity, Seed
- Focus: Food and Beverage, Farming, Agriculture

DOB Equity is a private equity firm specializing in growth capital and buy-and-build strategies in small and medium companies.

## VilCap Investments
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Financial Services, Health Care, FinTech

VilCap Investments is an early-stage impact investing fund, backing companies addressing the most pressing social and environmental challenges.

## Finnfund
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Debt Financing, Series B
- Focus: Financial Services, Energy, FinTech

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

## Ecosystem Integrity Fund
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Energy, Renewable Energy, Software

The Ecosystem Integrity Fund (“EIF”) is a venture capital firm that invests in early-stage companies contributing to environmental sustainability. It seeks to demonstrate that there is no trade-off between having a positive impact and achieving outstanding financial returns. The movement toward environmental sustainability is making incrementalimprovements to the largest industries in the world.  Over the next several decades, the economy will be transformed by this movement.Sustainability is fundamentally about making things better: more efficient, more functional, less toxic, less costly.  This is the next phase of the Industrial Revolution.

## Wangara Green Ventures
- Type: VC Fund
- Location: Accra, Greater Accra, Ghana
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Agriculture, AgTech, Energy

Wangara Green Ventures is a climate-focused impact investment asset manager in Ghana, West Africa.

## MNF Ventures
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Online Portals, FinTech, Enterprise Software

MNF Ventures is a venture capital fund based in Morocco, investing in Seed, Pre-Series A and Series A startups. Tickets size can go up to USD 1M. We invest in tech startups operating in Fintech/Insurtech, EdTech, Regtech, HealthTech, Biotech, EnergyTech Cybersecurity, SaaS...
Startups have either to be based in Morocco, or be based worldwideif at least one of the founders is a Moroccan citizen.
MNF Ventures manages Maroc Numeric Fund and Maroc Numeric Fund II.

## Social Investment Managers & Advisors
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Debt Financing, Series C, Post-IPO Equity
- Focus: Solar, Renewable Energy, Energy

SIMA is a social asset manager dedicated to empowering the Bottom of the Pyramid by providing demand-driven commercial capital and advisory solutions

## Blue Haven Initiative
- Type: VC Fund
- Location: Cambridge, Massachusetts, United States
- Relevant deals: 3
- Stages: Series A, Series B, Seed
- Focus: Solar, Energy, Health Care

Blue Haven Initiative is an innovative family office dedicated to putting wealth to work for market returns and positive social and environmental change.

## F6 Ventures
- Type: VC Fund
- Location: Tunis, Tunis, Tunisia
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: E-Commerce, Retail, FinTech

Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders.

## 54 Collective
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Health Care, Information Technology, FinTech

Building and scaling African tech startups with catalytic capital, value-add support and our global network.

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, FinTech

Seed capital for technology startups globally.

## Lendahand
- Type: VC Fund
- Location: Rotterdam, Zuid-Holland, The Netherlands
- Relevant deals: 3
- Stages: Debt Financing, Series A, Series B
- Focus: Financial Services, FinTech, Environmental Consulting

Invest in sustainable projects through Lendahand and contribute to positive change. Earn financial returns while supporting entrepreneurs worldwide. Discover how it works!

## Investisseurs & Partenaires
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Financial Services, Health Care, Food and Beverage

Investisseurs et Partenaires

## Global Partnerships
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Clean Energy, Renewable Energy, Solar

Global Partnerships is an impact-first investor dedicated to expanding opportunity for people living in poverty. For 25 years GP has invested in sustainable solutions that help impoverished people increase their incomes and improve their lives, with core investments in livelihoods, education, health, energy, housing, and sanitation. Since inceptionGP has deployed $356.5 million in impact investments to 135 partners, bringing meaningful impact to over 14.7 million lives in 21 countries.What is Impact-First Investing?Impact-first investing means investing in a way that seeks the highest possible social impact, while seeking to preserve capital with a modest financial return for investors.Impact-first investing is distinctly different from return-first investing, which seeks the highest possible financial return (often without consideration of social or environmental consequences), and from philanthropy, which seeks the highest social impact without any preservation of capital.We believe that impact-first investing has an essential role to play in advancing sustainable solutions to poverty for millions of people worldwide.What Does Impact Mean to Global Partnerships?All of our impact-first investing is aimed at empowering poor and marginalized people to earn a living, provide the basic necessities of life for their families, and improve their lives. We seek social impact on four dimensions:Broadening Opportunity – We have a holistic understanding of poverty, so we invest across all facets of poverty: livelihoods, education, energy, health, housing, sanitation, and water.Deepening Inclusion – We invest at the edge of the market, emphasizing approaches that include people marginalized by depth of poverty, gender, and/or geography, including women and the rural poor.Serving Millions – We believe that every person matters, and want to expand opportunity for as many people as possible. We therefore focus on sustainable approaches that can, over time, scale to serve millions of people living in poverty.Improving Lives – We only invest where evidence convinces us that people living in poverty value the opportunity being delivered and are empowered by it – economically or otherwise – to improve their lives.

## TotalEnergies Ventures
- Type: VC Fund
- Location: La Défense, Ile-de-France, France
- Relevant deals: 3
- Stages: Series B, Series C
- Focus: Energy, Renewable Energy, Transportation

TotalEnergies Ventures is the venture capital arm of Total.As part of Total's commitment to a better energy future, TotalEnergies Ventures is focused on finding, funding and fostering high-potential start-ups which will contribute to creating a low carbon future.Current areas of interest include Renewables, Distributed Energy, NewMobility, Energy Access, Energy Storage, Bio-Plastics, Circular Economy, Carbon Capture and Hydrogen.

## E4EAfrica
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Logistics, Internet, Supply Chain Management

E4E (“Entrepreneurs for Entrepreneurs”) specializes in supporting early stage ventures in South Africa from very early stage (pre-series A) to scale up.E4E focus on smart entrepreneurs and business ideas that are great businesses and make a significant contribution to a better (South) Africa.

## Lateral Frontiers
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

Lateral Capital is a mission driven venture fund investing in early and growth stage opportunities in Africa. We back companies that provide foundational technologies for the continent. We make debt and equity investments technology-enabled businesses that profitably solve significant pain points across financial services, healthcare, education,energy, agriculture, housing, logistics, mobility and more.

## Mani Kapital
- Type: VC Fund
- Relevant deals: 2
- Focus: Communities, Clean Energy, Renewable Energy

Mani Kapital is an investment management firm.

## EcoEnterprises Fund
- Type: VC Fund
- Location: Costa Rica, Mato Grosso do Sul, Brazil
- Relevant deals: 2
- Stages: Series A, Debt Financing
- Focus: Agriculture, Food and Beverage, Food Processing

EcoEnterprises Fund offers tailored growth capital and strategic guidance to innovative impact businesses in order to scale and optimize their financial, environmental and social performance. For nearly 20 years, we have successfully proven our unique approach, managing two funds that have financed over 30 companies across 11 countries. Our 3rdfund, EcoEnterprises Partners III, LP, was launched in May 2018, building on our track record of delivering portfolio results while generating fair and sustainable livelihoods for local communities, and preserving our most important asset: Planet Earth.

## AXA Investment Managers
- Type: VC Fund
- Location: Puteaux, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Medical, Biotechnology, Financial Services

AXA Investment Managers is a global investment management firm that manages assets on behalf of its institutional and retail clients.

## DILA Capital
- Type: VC Fund
- Location: Mexico City, Distrito Federal, Mexico
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: FinTech, E-Commerce, Financial Services

DILA Capital is a Mexico City-based VC Firm that fosters the growth of Mexican entrepreneurs and Start-Up Companies. By offering equity investments, debt financing and guidance, DILA strives to add value to our invested companies and entrepreneurs. In addition to our vast entrepreneur network, knowledge of the Mexican market and experience of ourpartners.

## Proparco
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Debt Financing, Seed
- Focus: Financial Services, Finance, Energy

Proparco is devoted to private sector funding in the sustainable development sector.

## At One Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Energy, Manufacturing, Agriculture

At One Ventures finds, funds, and grows teams to catalyze a world where humanity is a net positive to nature.

## Anaxago
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Biotechnology, Health Care, SaaS

Anaxago is a brand new crowdfunding platform dedicated to innovative companies. Anaxago aims at changing the traditional equity capital investment model. Their goal is to forget about the capitalistic-only and go for a truly sharing and participative investment model. Thanks to Anaxago, entrepreneurs can benefit from the financial support oftheir investors but also learn from the shareholders' experience, expertise and network. Each investor can take an active part to the company life and so be a part of a lively entrepreneurial adventure.They offer a small range of companies each month to their investors community. Startups and small companies are chosen with good care and have to go through a whole process of financial analysis. They also prefer to select companies with a real innovative value added. With Anaxago, young and small companies can find funding and support to grow and develop. They give them a chance to be the actors of tomorrow's growth and reboost their economy.Since its launch, Anaxago gathered 100 000 members and invested more than 130M€ funding more than 200 businesses.

## Triodos Bank
- Type: VC Fund
- Location: Zeist, Utrecht, The Netherlands
- Relevant deals: 2
- Stages: Debt Financing, Series A
- Focus: Financial Services, Energy, FinTech

Triodos Investment Management focuses on investments in various areas, including renewable energy, microfinance, and real estate.

## Inspired Evolution Investment Management
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Series A, Series E
- Focus: Energy, Renewable Energy, PaaS

Inspired Evolution established in 2007 as a specialised investment business to lead sustainable clean energy and resource efficiency investments across sub-Saharan Africa. Inspired Evolution offers a dedicated, multi-disciplinary, professional investment team with a deep track record targeting superior returns with measured development outcomes.Inspired Evolution’s investment focus is centered on clean energy and resource efficiency assets. We have demonstrated that capital deployment to investments in this specialised asset class, can generate exceptional returns at the nexus of social equity, ecological integrity and responsible economic growth. This lies at the heart of sustainable investing.Inspired Evolution’s view is that sustainability is not only everybody’s business as citizens of a rapidly globalising world, but that it will define the future of business and investment decisions.Inspired Evolution manages Evolution One Fund – its first dedicated, closed-ended third party investment fund. Evolution One Fund makes early stage, expansion and development stage, and later stage or mature equity and equity-related investments primarily for control or significant minority positions in market-leading growth businesses located principally in South and southern Africa.

## Goodwell Investments
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: FinTech, Financial Services, Software

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

## GIIG Africa Fund
- Type: VC Fund
- Location: Port Louis, Port Louis, Mauritius
- Relevant deals: 2
- Stages: Seed
- Focus: Environmental Engineering, Health Care, Ride Sharing

GIIG invest in seed, growth and late stage companies.

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