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Top 50 Energy VC Funds & Investors in Kenya (July 2026)

The most active venture capital funds investing in Kenya Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Kenya Energy startup companies. Find investors to raise a Seed, Series A or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
E3 Capital
VC Fund
9 Kenya, South Africa, United States Seed, Series A, Series B Energy, Solar, Renewable Energy $900k–$40M
Novastar Ventures
VC Fund
5 Kenya, Nigeria, United Kingdom Series A, Series B Agriculture, Health Care, Internet $1.7M–$42M
Kepple Africa Ventures
VC Fund
4 Nigeria, Kenya, Egypt Seed, Pre-Seed Financial Services, FinTech, Software $300k–$4.5M
Acumen
VC Fund
4 United States, India, Kenya Seed, Series A Agriculture, Solar, Health Care $300k–$12M
Lion’s Head Global Partners
VC Fund
3 Kenya, France, Senegal Debt Financing, Venture - Series Unknown Renewable Energy, Solar, Energy $2.2M–$11M
Global Partnerships
VC Fund
3 Kenya, United States Series A, Seed Clean Energy, Renewable Energy, Solar $1.7M–$10M
EDFI ElectriFI
VC Fund
3 United States, Kenya, France Debt Financing, Series A Energy, Solar, Renewable Energy $110k–$30M
British International Investment
VC Fund
3 India, Kenya, Nigeria Debt Financing, Series B Financial Services, Banking, Finance $9M–$130M
GIIG Africa Fund
VC Fund
3 Kenya, Nigeria, United States Seed Health Care, Environmental Engineering, Fuel $100k–$3.3M
VilCap Investments
VC Fund
3 United States, India, Kenya Seed, Series A Financial Services, Health Care, FinTech $50k–$6M
DOB Equity
VC Fund
3 Kenya, Tanzania, Rwanda Private Equity, Seed Food and Beverage, Farming, Agriculture $1M–$4M
Alphamundi
VC Fund
3 Kenya, Colombia, Ghana Debt Financing, Series A, Series B Agriculture, Renewable Energy, Financial Services $1.7M–$16M
54 Collective
VC Fund
3 Kenya, Nigeria, South Africa Seed, Pre-Seed Health Care, Information Technology, FinTech $40k–$4M
Aster
VC Fund
3 France, United States, United Kingdom Series A, Series B Energy, Software, Manufacturing $1.6M–$27M
At One Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Energy, Manufacturing, Agriculture $2.9M–$70M
Lateral Frontiers
VC Fund
2 United States, Nigeria, Kenya Seed, Series A, Pre-Seed Financial Services, FinTech, Software $500k–$15M
SAHEL Capital
VC Fund
2 Nigeria, Ghana, Kenya Debt Financing, Private Equity, Series B Agriculture, Farming, Food and Beverage $500k–$3.4M
CoCapital
VC Fund
2 Kenya, Mexico Series A, Series C Agriculture, Energy, Biomass Energy $12M–$12M
EcoEnterprises Fund
VC Fund
2 Brazil, Mexico, Kenya Series A, Debt Financing Agriculture, Food and Beverage, Food Processing $4.1M–$12M
Equator
VC Fund
2 Kenya, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, Renewable Energy, Agriculture $1.8M–$15M
SunFunder
VC Fund
2 Kenya, Mauritius, United States Debt Financing, Series C Solar, Energy, Renewable Energy $1.5M–$60M
Shell Foundation
VC Fund
2 India, United States, Kenya Grant, Seed Energy, Solar, Finance $300k–$5.5M
Social Investment Managers & Advisors
VC Fund
2 United States, India, Kenya Debt Financing, Series C, Post-IPO Equity Solar, Renewable Energy, Energy $150k–$90M
Opes Impact Fund
VC Fund
2 Italy, Kenya, India Seed, Series A Communities, Agriculture, Energy $219k–$910k
ENGIE Rassembleurs d'Energies initiative
VC Fund
2 France, India, Kenya Series A, Seed, Series C Solar, Energy, Agriculture $1.2M–$12M
DILA Capital
VC Fund
2 Mexico, United States, Colombia Seed, Series A FinTech, E-Commerce, Financial Services $800k–$25M
Triodos Bank
VC Fund
2 India, Germany, Kenya Debt Financing, Series A Financial Services, Energy, Solar $3.6M–$80M
Mani Kapital
VC Fund
2 Kenya Communities, Clean Energy, Renewable Energy
AXA Investment Managers
VC Fund
2 United States, France, United Kingdom Series A, Series B, Series C Medical, Biotechnology, Financial Services $3M–$158M
Better Ventures
VC Fund
2 United States, Kenya, Canada Seed, Series A, Pre-Seed Health Care, Biotechnology, Software $575k–$26M
Électricité de France
VC Fund
1 Kenya, France, Italy Series B, Corporate Round, Seed Solar, Energy, Renewable Energy $11M–$101M
First circle capital
VC Fund
1 Nigeria, Egypt, United States Pre-Seed, Seed Financial Services, FinTech, Finance
Hooge Raedt Social Venture
VC Fund
1 Kenya Debt Financing Agriculture, Environmental Consulting, Environmental Engineering
DEG
VC Fund
1 India, South Africa, Ghana Debt Financing, Grant Financial Services, FinTech, E-Commerce
Endeavor
VC Fund
1 Brazil, United States, Malaysia Series A, Seed Software, Information Technology, Financial Services
Unruly Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed Biotechnology, CleanTech, Manufacturing
Aster Capital
VC Fund
1 United Kingdom, Kenya, France Series A Automotive, Sensor, Virtual Reality
Partners Group
VC Fund
1 United States, Switzerland, India Private Equity, Debt Financing Software, Health Care, Manufacturing $55M–$1.9B
Blue Haven Initiative
VC Fund
1 Kenya, United States, Ghana Series A, Series B, Seed Solar, Energy, Financial Services $2M–$22M
Ambo Ventures
VC Fund
1 Kenya Seed CleanTech, Automotive, Electronics
Revolution
VC Fund
1 United States, Canada, Kenya Series A, Seed Software, SaaS, E-Commerce $641k–$18M
Nordic Development Fund
VC Fund
1 Kenya Debt Financing Solar, Farming, Agriculture
Threshold
VC Fund
1 United States, India, Canada Series B, Series A, Series C Software, Internet, Mobile $2.3M–$81M
Factor E
VC Fund
1 Kenya, United States, India Seed, Series A, Convertible Note Energy, Renewable Energy, Agriculture $20k–$10M
FMO
VC Fund
1 India, Kenya, The Netherlands Debt Financing, Post-IPO Debt, Series B Financial Services, Finance, Renewable Energy $4M–$420M
Musha Ventures
VC Fund
1 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Software, Financial Services, FinTech $125k–$10M
Lendahand
VC Fund
1 Kenya, Uganda, Germany Debt Financing, Series A, Series B Financial Services, FinTech, Renewable Energy $154k–$17M
Gray Matters Capital
VC Fund
1 India, United States, Kenya Seed, Series A Education, E-Learning, Health Care $50k–$6M
Norfund
VC Fund
1 South Africa, Kenya, Nigeria Private Equity, Debt Financing Energy, Financial Services, Renewable Energy $2.2M–$156M
Schneider Electric
VC Fund
1 United States, France, Australia Series A, Series C, Seed Software, Energy, Information Technology $1.4M–$1.4B
Access all 215 VC funds in Kenya Energy startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

E3 Capital
VC Fund · Paris, Ile-de-France, France · 9 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Seed, Series A, Series B
  • Geography: Kenya, South Africa, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $900k–$8M; Series A $1.8M–$7.5M; Series B $9M–$40M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • GoCab — GoCab is fintech solution providing Drive-to-own option for vehicle purchase in Emerging markets, helping to bridge the gap between mobility entrepreneurs and financial services.
  • Plentify — Plentify connects home appliances with cheaper cleaner energy. It does this with an intelligent residential load management platform which matches demand with clean energy supply for 75% cheaper than batteries. Plentify combines advanced hardware, AI, and user-centric design to create smart home products that delight customers while alsostrengthening electricity systems.
  • SolarX Africa — SolarX commercial and industrial (C&I) solar company that provides clean and efficient solar solutions, through leasing options in frontier markets.
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Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 5 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Agriculture, Health Care, Internet
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, United Kingdom

Investor stats

  • Total investments: 67
  • Round size: Series A $1.7M–$24M; Series B $3.5M–$42M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $108M in 2020

Portfolio highlights

  • Soko — SOKO produces innovative, ethical jewelry and accessories from sustainable materials in Nairobi, Kenya
  • Turaco — Turaco develops simplified insurance and credit solutions through mobile technology to solve the healthcare financing needs. Turaco has simplified insurance products and also provides on-demand health loans, allowing customers to get healthcare at affordable monthly premiums.
  • Moniepoint — Moniepoint provides an all-in-one payments, banking and operations platform for businesses and their customers.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 4 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Kenya, Egypt

Investor stats

  • Total investments: 78
  • Round size: Seed $500k–$4.5M; Pre-Seed $300k–$3.4M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
  • TIBU Health — TIBU Health is a disruptive HealthTech logistics company that provides high-quality healthcare services.
  • Onboard — Onboard helps hardware companies transform their text manuals to 3D, intelligent manuals with instant customer support capabilities.
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Acumen
VC Fund · New York, New York, United States · 4 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Agriculture, Solar, Health Care
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 178
  • Round size: Seed $300k–$2.5M; Series A $1.6M–$12M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $2.8M in 2019

Portfolio highlights

  • Bintix — Bintix averts landfill waste ... one household at a time.
  • EduBridge — EduBridge is an organization started by a group of alumni and professors from IIM Bangalore & Lucknow in 2009. EduBridge works towards transforming the lives of the unemployed youth in the country across urban, semi-urban and rural areas. EduBridge provides them with a commercially relevant training at their doorstep and arm them with thenecessary skill sets and mindset to succeed in their professional careers and thus help transform their lives.
  • Energy Assured Nigeria — Energy Assured is an energy and utility procurement market provider for smaller businesses ranging from independent retailers and local franchisees to affinity group members in any sector. Users and customers benefit from economies of scale, more agile energy purchasing, and consistently lower gas, electricity, and water costs. Their expertsunderstand the pressures that small and medium-sized businesses face: they work to provide clients with exactly what they require so that clients can use energy as an asset to propel their business forward.
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Lion’s Head Global Partners
VC Fund · London, England, United Kingdom · 3 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Kenya, France, Senegal

Investor stats

  • Total investments: 11
  • Round size: Debt Financing $2.2M–$11M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: May invest from a new fund soon — raised $41M in 2021

Portfolio highlights

  • Baobab+ — Baobab+ is a social business committed to providing access to energy and digital. We commercialize innovative products with financing solutions that meet the needs of local populations.
  • Yellow — Yellow enables a distributed network of sales agents to serve rural households with life-changing products and services through a digital technology platform called Ofeefee.
  • Decentral Energy — Decentral Energy creates, owns, and manages renewable energy assets. Decentral provides customers with risk-free, completely financed solar energy solutions.
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Global Partnerships
VC Fund · Seattle, Washington, United States · 3 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Clean Energy, Renewable Energy, Solar
  • Stage:Series A, Seed
  • Geography: Kenya, United States

Investor stats

  • Total investments: 6
  • Round size: Series A $1.7M–$10M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $5M in 2018

Portfolio highlights

  • Turaco — Turaco develops simplified insurance and credit solutions through mobile technology to solve the healthcare financing needs. Turaco has simplified insurance products and also provides on-demand health loans, allowing customers to get healthcare at affordable monthly premiums.
  • Eneza Education — Eneza Education, a.k.a. MPrep, was founded in 2011 by Kenyan teachers and educators serious about making technology useful for their students. From the rural areas of Nyanza to Wajir Town and the Mombasa Coast, Kenyan teachers united to create the content of our initial Class 7 and Class 8 study tool. We wanted a tool that combined the best ofgreat teaching practices: scaffolded assessments, direct feedback, and high engagement. And we wanted to make sure ALL kids had access to our system. What better way to start than with a simple SMS-based system?
  • Sun King — Greenlight sells, installs and finances solar home systems for the 1.8 billion off-grid and under-electrified consumers in Africa and Asia.
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EDFI ElectriFI
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Kenya Energy startups

Impact investment in sustainable energy

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, Kenya, France

Investor stats

  • Total investments: 62
  • Round size: Series A $2.2M–$30M; Debt Financing $110k–$10M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • BURN — The future of clean cooking
  • GOGO Electric
  • MyJouleBox — MyJouleBox offers a solution for solar professionals in Africa to offer leased solar installations to their customers.
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British International Investment
VC Fund · London, England, United Kingdom · 3 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Series B
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 152
  • Round size: Series B $14M–$50M; Debt Financing $9M–$130M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Scatec ASA — Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets.
  • Wave Mobile Money — Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, andaccepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.
  • CLR Facility Services — CLR is a leading Integrated Facility Management (IFM) company with a PAN India presence, providing comprehensive solutions including IFM, Technical Services, Business Support, Aviation Services, Production Support, and Floor Care Services.
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GIIG Africa Fund
VC Fund · Port Louis, Port Louis, Mauritius · 3 investments in Kenya Energy startups

GIIG invest in seed, growth and late stage companies.

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Investment focus

  • Industry: Health Care, Environmental Engineering, Fuel
  • Stage:Seed
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $100k–$3.3M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • BioBuu — BioBuu focuses on the development of manufacturing capacity and environmentally sustainable production.
  • Kubik — Kubik makes low-carbon buildings from plastic waste. Bringing environmental dignity to how countries grow.
  • EnvisionIt Deep AI — Envisionit Deep AI is an innovative medical technology company that utilizes AI to streamline and improve medical imaging diagnosis for radiologists.
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VilCap Investments
VC Fund · San Francisco, California, United States · 3 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Financial Services, Health Care, FinTech
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 90
  • Round size: Seed $50k–$2.5M; Series A $2M–$6M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • SatSure — Premium domain available for purchase
  • Altro (fka Perch) — Perch Credit (also known as Perch), is a fin-tech mobile app that allows users to take common recurring expenses, such as their subscriptions & rent, and turn these into creditworthy data points. Perch is currrently live on iOS and plans to be on Android in the coming months.Perch recently graduated YC (S20) and closed 2.5M in their mostrecent round.
  • Advocatia Solutions — Advocatia simplifies how uninsured patients identify financial assistance programs and enroll into coverage.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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DOB Equity
VC Fund · Veessen, Gelderland, The Netherlands · 3 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Food and Beverage, Farming, Agriculture
  • Stage:Private Equity, Seed
  • Geography: Kenya, Tanzania, Rwanda

Investor stats

  • Total investments: 51
  • Round size: Seed $1M–$4M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Kentaste — Virgin coconut oil, Coconut Cream, and Coconut Milk
  • MazaoHub — MazaoHub is a AI-powered end-to-end farm management company.
  • FarmWorks — FarmWorks is an agricultural technology company that gives farmers access to farm inputs as well as a market for the produce .FarmWork is to unlock agricultural potential by building clusters of mid-sized farms while working with thousands of small-holder farmers and establishing direct linkage to local and global markets.
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Alphamundi
VC Fund · Zürich, Zurich, Switzerland · 3 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Agriculture, Renewable Energy, Financial Services
  • Stage:Debt Financing, Series A, Series B
  • Geography: Kenya, Colombia, Ghana

Investor stats

  • Total investments: 21
  • Round size: Series A $10M–$12M; Series B $3.5M–$16M; Debt Financing $1.7M–$11M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Finaktiva — Finaktiva is the number one financial ally of Colombian entrepreneurs. We offer flexible and agile online financial solutions (loans in various forms, factoring and confirming) adjusted to the requirements of the companies. We also offer a range of non-financial tools through our platform to help SMEs´ grow. Our customers are typically businesseswith innovative business models, double-digit growth rates that have a positive impact in their communities.
  • AgriCapital — AgriCapital is a financial service firm that provides store credit, productive credit, credit installments, and accompaniment services.
  • Ampersand — Ampersand catalyzes and power mass-market electric mobility. By supplying the battery swap network and operating system the company makes sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug-and-playpowertrain and energy network.
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54 Collective
VC Fund · Johannesburg, NA - South Africa, South Africa · 3 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Health Care, Information Technology, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 108
  • Round size: Seed $40k–$4M; Pre-Seed $40k–$1.3M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Yeah — Yeah is a financial technology company that offers payment processing services while building a credit profile for the banked and unbanked.
  • REasy — Top up locally, pay suppliers globally, and manage international shipments with REasy. Fast, secure, and designed for African businesses expanding worldwide.
  • Konnect — Konnect provides a cross borders payment solution intended to simplify complex financial flows allowing companies of any scale and size to send and receive payments in a practical, secure, and low-cost way.
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Aster
VC Fund · Paris, Ile-de-France, France · 3 investments in Kenya Energy startups

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).

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Investment focus

  • Industry: Energy, Software, Manufacturing
  • Stage:Series A, Series B
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 137
  • Round size: Series A $1.6M–$22M; Series B $6.6M–$27M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $281M in 2017

Portfolio highlights

  • Easybike — Easybike designs and manufactures a range of bikes that run on electricity. It offers its clients two major ranges of bikes which includes Liberty range and Infinity range.The company is driven by a vision to democratize innovative mode of travel. Easybike was known as one of the first brands in France to have specialized in electric bikes andtailor-made solutions. Easybike was founded in 2010 and is based in Paris, France.
  • Iceotope — Iceotope has developed technology with a blank drawing board and an open mind. So when we look at conventional problems, we find unconventional solutions.Built around our liquid-cooling approach and shaped by an extensive portfolio of patents, we’ve proven what our technology can do for HPC and data centre applications - dramatically reducingenergy consumption, space and noise. But it’s just the start. We’re going to keep innovating, working toward a day when wasteful, inefficient air-cooling is a thing of the past. We have created a business to look forward, but we’re also proud of the heritage that British engineering is built on. Iceotope is delighted to own the Made in Sheffield mark to show our dedication to the area’s tradition of engineering excellence. With decades of technical, design and engineering experience, we’ve established Iceotope as a trusted partner at the forefront of liquid-cooling technology. Now we’re investing to make sure we stay there: refining our designs, improving performance and engineering new applications.
  • Aether Fuels — Enabling a net zero world through sustainable liquid fuels.
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At One Ventures
VC Fund · San Francisco, California, United States · 2 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Energy, Manufacturing, Agriculture
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 75
  • Round size: Seed $2.9M–$15M; Series A $6.9M–$23M; Series B $17M–$70M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Cruz Foam — Cruz Foam offers certified compostable, protective packaging foam and other solutions. Let us help you transition to compostable foam packaging solutions, today.
  • Modern Hydrogen — Modern Electron is a breakthrough energy technology company. Their mission is to provide affordable electricity to anyone, anywhere, anytime.
  • Colossal Biosciences — The science of genetics. The business of discovery.
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Lateral Frontiers
VC Fund · New York, New York, United States · 2 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 42
  • Round size: Seed $1M–$12M; Pre-Seed $500k–$3.5M; Series A $558k–$15M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2020

Portfolio highlights

  • Rhaeos — Rhaeos, the world's first wearable shunt monitor, aims to improve the quality care for patients with hydrocephalus through a novel, thermal biosensor. Developed within Northwestern University with collaboration between Dr. John Rogers, McCormick School of Engineering, Feinberg School of Medicine and Kellogg School of Management, Rhaeosrepresents a unique multidisciplinary translational effort for an important clinical need.
  • Wattnow — Wattnow is a real-time monitoring solution that provides a breakdown of energy spending to identify wasteful trends.
  • Octavia Carbon — Reversing Climate Change | Ending the Fossil Fuel Age | In Kenya.
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SAHEL Capital
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Kenya Energy startups

Sahel Capital is a leading fund manager and advisory firm focused on West Africa with deep roots in private equity, financial advisory, management consulting and agribusiness. When you partner with Sahel, you benefit from quality financial and operating experience, broad industry knowledge, and a powerful network of global relationships. Through anintegrated approach, we work closely with companies and investment partners to deliver capital solutions and advisory services tailored to fit your unique needs. The power of a partnership with Sahel leads to better investments, stronger businesses, and shared success.

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Investment focus

  • Industry: Agriculture, Farming, Food and Beverage
  • Stage:Debt Financing, Private Equity, Series B
  • Geography: Nigeria, Ghana, Kenya

Investor stats

  • Total investments: 17
  • Round size: Debt Financing $500k–$3.4M
  • Lead/follow: 76% lead, 24% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Agriarche — AGRIARCHE LIMITED is an agriculture technology company focused on enhancing the efficiency of the agricultural sector through digital solutions. It aims to empower farmers and other stakeholders in the agricultural ecosystem by providing tools for data-driven decision-making. The company specializes in digitizing commodity trading and payments,thereby transforming grains into cash for farmers. AGRIARCHE LIMITED is committed to bringing transparency to the agriculture supply chain by offering logistics tracking from start to finish, and providing clear transaction and credit history. By connecting aggregators, the company simplifies the flow of food, information, and payments within the agriculture sector.
  • Rasad Nigeria — Rasad Nigeria is specialize in the sourcing and export of premium cocoa and cashew nuts.
  • Persea Oils and Orchards — Persea Oils and Orchards is deeply dedicated to organic and sustainable farming practices fostering agricultural growth.
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CoCapital
VC Fund · 2 investments in Kenya Energy startups

CoCapital provides dedicated Seed and Early Stage investment solutions for specialist Technology startups, prime Real Estate ventures as well as other alternative investment products.

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Investment focus

  • Industry: Agriculture, Energy, Biomass Energy
  • Stage:Series A, Series C
  • Geography: Kenya, Mexico

Investor stats

  • Total investments: 4
  • Round size: Series A $12M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
  • Sistema Biobolsa — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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EcoEnterprises Fund
VC Fund · Costa Rica, Mato Grosso do Sul, Brazil · 2 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Agriculture, Food and Beverage, Food Processing
  • Stage:Series A, Debt Financing
  • Geography: Brazil, Mexico, Kenya

Investor stats

  • Total investments: 11
  • Round size: Series A $4.1M–$12M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Nuu — Nuu is a food-based company that makes old-fashioned food with future generations in mind. Nuu is not to make the best products in the world, but the best products for the world.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
  • Smartbreeder — Smartbreeder is a digital agronomic intelligence company that promotes sustainable agriculture with high efficiency of agricultural inputs, reducing costs, increasing productivity and rationalizing the decision-making process at all stages of crop management.
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Equator
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Kenya Energy startups

A venture capital firm investing in tech-enabled, early-stage ventures that are accelerating an equitable climate transition in Sub-Saharan Africa.

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Investment focus

  • Industry: Software, Renewable Energy, Agriculture
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Kenya, United States, United Kingdom

Investor stats

  • Total investments: 11
  • Round size: Seed $1.8M–$5M; Series A $14M–$15M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
  • Open Access Energy — South Africa's first multilateral wheeling software platform that automates energy transactions.
  • SHYFT Power Solutions — SHYFT builds industrial-grade IoT and integrated software to connect and intelligently manage distributed energy resources (DERs) in markets that struggle with resiliency. SHYFT is pioneering the development of integrated decentralized power systems in emerging markets like Nigeria, leapfrogging over traditional central infrastructure and enablingDERs to scale and support existing but unreliable grids.
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SunFunder
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Solar, Energy, Renewable Energy
  • Stage:Debt Financing, Series C
  • Geography: Kenya, Mauritius, United States

Investor stats

  • Total investments: 21
  • Round size: Series C $20M–$60M; Debt Financing $1.5M–$50M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2020

Portfolio highlights

  • M-KOPA — M-KOPA is the global leader for “pay-as-you-go” energy services for off-grid customers. M-KOPA was established in 2011. Following 2 years of piloting and development, M-KOPA began commercial sales in Kenya in October 2012. M-KOPA expanded to Uganda in 2013 and commences operations in Tanzania in late 2014. Their team includes over 500 staff andwe sell our product through more than 1000 retail agents and shops. The founders of the company are experienced mobile technology innovators who believe in the huge potential of transformative, affordable products designed for underserved consumers. While excellent technology is a pre-requisite, technology alone does not solve for customer needs. Success comes when smart technology is combined with a commitment to on-going, on-the-ground delivery. To that end, M-KOPA is beginning to license its technology to experienced and reputable third parties in markets outside of East Africa (licensing queries should be sent to licensing@m-kopa.com). M-KOPA has developed a proprietary, patented technology platform that combines embedded GSM + mobile payments to revolutionize asset financing in emerging markets. The M-KOPAnet platform has been designed and built from the ground up by our talented team of software engineers, who continue to innovate and improve the system every day. It offers the powerful combination of accounting + customer relationship management + inventory tracking in one complete system. Aside from enabling our business operations to scale at record speed, the M-KOPAnet™ platform captures and processes huge volumes of data, enabling us to improve our proposition, customer service, and security in real-time.
  • BioLite — BioLite designs off-grid personal scale energy products for cooking, charging, and lighting. Perfect for camping, fishing, tailgating, power outages, and more.
  • Energy Vision — Energy Vision is a telecom-focused energy service company. They provide environmentally friendly options to cellular operators and telecom tower firms for powering telecom equipment where the electric grid is either nonexistent or only partial and unreliable. This includes all related services such as engineering, implementation, NOC, operation andmaintenance, upgrades, and expansions.
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Shell Foundation
VC Fund · London, England, United Kingdom · 2 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Energy, Solar, Finance
  • Stage:Grant, Seed
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 29
  • Round size: Seed $790k–$1.1M; Grant $300k–$5.5M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Kofa — Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
  • Mufin Green Finance — Mufin Green Finance is an NBFC that specialises in the electric vehicle (EV) market.
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Social Investment Managers & Advisors
VC Fund · New York, New York, United States · 2 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Solar, Renewable Energy, Energy
  • Stage:Debt Financing, Series C, Post-IPO Equity
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 12
  • Round size: Debt Financing $150k–$90M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $68M in 2021

Portfolio highlights

  • Altech Group — Altech Group aims at expanding access to clean, renewable, and affordable energy both for poor-grid and off-grid households.
  • Loom Solar Private Limited — Buy solar panel, battery and inverter for home, business, agriculture, DIY projects, and more. from 10 watts -100kW from Loom Solar - India's No. 1 solar company. Choose from solar panels, inverters, lithium batteries, charge controllers to solar installation kit. We provide solar finance for rooftop solar installation
  • Insolation Energy — Insolation Energy is one of the top solar panel manufacturers in India, delivering efficient solar solutions. As a trusted solar power company in India, we are committed to providing clean, sustainable, and affordable electricity for all.
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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 2 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Communities, Agriculture, Energy
  • Stage:Seed, Series A
  • Geography: Italy, Kenya, India

Investor stats

  • Total investments: 43
  • Round size: Seed $219k–$910k
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Refolo — Refolo is a type B social cooperative that sees social agriculture as having a dual impact: social and environmental. Refolo was created with the aim of creating an agro-ecological and social corridor that runs through the province of Brescia from north to south with the hope that administrations and other communities will come together to generatea positive impact on the environment and the community.Refolo operates in an area located between the municipalities of Brescia, Collebeato, Villa Carcina and Montirone, territories that share the presence of agricultural areas that over the years have been abandoned due to their unsuitability for intensive agriculture and lack of interest by new generations and that are now ready to start again.
  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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ENGIE Rassembleurs d'Energies initiative
VC Fund · 2 investments in Kenya Energy startups

ENGIE Rassembleurs d'Energies initiative is the Group provides technical and financial support.

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Investment focus

  • Industry: Solar, Energy, Agriculture
  • Stage:Series A, Seed, Series C
  • Geography: France, India, Kenya

Investor stats

  • Total investments: 11
  • Round size: Seed $1.2M–$2.3M; Series A $3M–$12M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Enogrid — Enogrid provides energy monitoring solutions. It also allows users to measure and optimize the performance of building operations, visualize energy flows, customize distribution coefficients, monitor self-energy consumption, access transaction documents, and more.
  • Frontier Markets — Frontier Markets connects India’s rural customers to products and services at their doorstep. 551 million rural customers lack access to financial, productive, durable products and services that can economically improve their lives. This is because product companies do not have deep enough infrastructure to access to rural customers; denyingtheir ability to drive innovative solutions locally to their target rural customer. Frontier Markets drives the best selection of life-improving products and services to rural customers, while creating sustainable livelihoods for rural women. In partnership with existing SHG networks, we onboarded 4,000 women to become our digitally savvy women entrepreneurs called Saral Jeevan Sahelis. Our Sahelis use our assisted e-commerce and delivery platform, called the Meri Saheli app, to collect real-time data on customer, coordinate orders, and deliveries to earning an average of 65,000/- a year without having to leave their village, becoming local leaders, and decision-makers at home. Our local distribution hubs has a team of delivery field staff who ensure doorstep delivery daily, as well as coordinate after-sales service for product companies. This combination of high-tech and local teams, and product partnerships, has helped 700,000 rural customers access 1 million+ quality solutions in clean energy, agri, and homecare. The Meri-Saheli app was designed for rural customers and by our Sahelis, ensuring it’s easy to use. Bharat India’s digitization thrives, but to reach last-mile rural customers, an assisted solution allows for quick adoption, deep learnings, and optimal services to be delivered. Since COVID, we have partnered with 3 fintech companies to launch doorstep atm services, online payments, and financial services and leading FMCG companies to drive local essential goods doorstep deliveries. Achieving 97% conversion rates, and onboarding 2,000 new customers monthly. We have launched our 2.0 version for scale, adding AI capabilities to help Sahelis train to use the Meri Saheli app on their own. This will be a gamechanger, allowing us to partner with multiple SHG organizations at once who want to start the Saral Jeevan Initiative in their fields on their own. Our team has over 60 years of experience working in rural India in sectors like microfinance, telecom, and distribution allowing us to crack the rural last-mile challenge profitably. We envision becoming India’s largest high-tech, high touch platform delivering solutions to Bharat India connecting 100 million rural customers with 1 million digitally savvy women entrepreneurs.
  • Qarnot — Qarnot provides economical and ecological cloud HPC on a disruptive platform. Qarnot designs and develops Q.rad, a computing heater embedding microprocessors as a heat source and connected to the Internet. The company has built three generations of computing heaters with multiple CPU's and sold it to construction companies looking for heatersfor new buildings. Qarnot offers affordable HPC to avoid data center costs related to infrastructure, maintenance, and cooling.Qarnot was founded on 2010 and is headquartered in Montrouge, France.
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DILA Capital
VC Fund · Mexico City, Distrito Federal, Mexico · 2 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: FinTech, E-Commerce, Financial Services
  • Stage:Seed, Series A
  • Geography: Mexico, United States, Colombia

Investor stats

  • Total investments: 68
  • Round size: Seed $800k–$10M; Series A $2.3M–$25M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2021

Portfolio highlights

  • Boletia
  • Fillip Fleet
  • Cicada Technologies — Cicada is a fintech company that combines technology, intuitive design, and market expertise to deliver a differentiated and easy-to-use trading solution that transforms how market participants connect and transact.
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Triodos Bank
VC Fund · Zeist, Utrecht, The Netherlands · 2 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Financial Services, Energy, Solar
  • Stage:Debt Financing, Series A
  • Geography: India, Germany, Kenya

Investor stats

  • Total investments: 45
  • Round size: Series A $12M–$12M; Debt Financing $3.6M–$80M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • MyJouleBox — MyJouleBox offers a solution for solar professionals in Africa to offer leased solar installations to their customers.
  • Storm — Storm focuses on wind energy solutions, developing and managing wind farms for renewable energy production.
  • axio — Capital Float is an online platform that provides working capital finance to SMEs in India. It offers flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. Borrowers can apply online in minutes, select desired repayment terms and receive funds in their bank accounts in 7 days with minimalhassle.Capital Float was founded in 2013 by Gaurav Hinduja and Sashank Rishyasringa.
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Mani Kapital
VC Fund · 2 investments in Kenya Energy startups

Mani Kapital is an investment management firm.

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Investment focus

  • Industry: Communities, Clean Energy, Renewable Energy
  • Geography: Kenya

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sanergy — The Sanergy Collaborative is a partnership of 3 independent companies, who are united by a common vision. Explore more about our vision here!
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AXA Investment Managers
VC Fund · Puteaux, Ile-de-France, France · 2 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Medical, Biotechnology, Financial Services
  • Stage:Series A, Series B, Series C
  • Geography: United States, France, United Kingdom

Investor stats

  • Total investments: 49
  • Round size: Series A $3M–$26M; Series B $16M–$100M; Series C $14M–$158M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Meva Energy — Meva Energy provides gasification technology for the development of renewable energy from small fraction fuels. The company was founded in 2008 and is based in Sweden.
  • Latour Capital — In creating the VCF Latour Capital at the request of some great French entrepreneurs, we wanted to build a new tool entirely focused investment , majority LBO in business to potential.
  • Hayfin Capital Management — Hayfin is one of Europe's leading alternative private debt asset management firm, providing finance to companies and superior risk-adjusted returns...
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Better Ventures
VC Fund · Oakland, California, United States · 2 investments in Kenya Energy startups

Better Ventures provides funding and support to technology startups building innovative solutions to big and important problems, from work and education to health and sustainability. Given the magnitude of the these problems and the enormous market opportunities they represent, it takes the best and brightest minds armed with the best resources toaddress them. These are the people they seek to back – entrepreneurs committed to using the tools and methodologies of the modern technology startup to build world-changing companies that make money and do good. They're thinking big and expecting big results, and so are the entrepreneurs they back.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Kenya, Canada

Investor stats

  • Total investments: 96
  • Round size: Seed $750k–$5.1M; Pre-Seed $575k–$2.7M; Series A $2.5M–$26M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $32M in 2019

Portfolio highlights

  • dehaze — dehaze provides healthcare services by bringing medical AI models into clinical practice.
  • HiCap.ai — HiCap.ai offers an AI computing platform that enables businesses to run large language models from providers like OpenAI, Anthropic, and Gemini using a crowdsourced compute grid. It optimizes token usage to reduce costs, accelerates inference speeds up to twofold, and secures data by avoiding storage or processing by intermediaries. The platformdelivers reserved compute capacity within minutes, helping teams maintain consistent performance without the variability of pay‑as‑you‑go token systems. This approach supports scalable AI model deployment while focusing on affordability, speed, and data privacy.
  • Critical Loop — Critical Loop is an energy technology company that provides on-demand power solutions for industrial and infrastructure applications by combining modular hardware and software systems. Its platform integrates behind-the-meter battery storage, on-site generation, and grid power through intelligent controls that dynamically manage energy supply basedon availability and demand. The company develops and deploys scalable microgrid systems, including relocatable batteries and control units, which can be implemented rapidly to address delays or limitations in traditional grid capacity. It also handles project development, system design, deployment, and ongoing operations and maintenance, enabling continuous monitoring and optimization of power performance. Critical Loop’s solutions are used across sectors such as manufacturing, transportation, data centers, and critical infrastructure to ensure consistent and flexible energy access.
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Électricité de France
VC Fund · Paris, Ile-de-France, France · 1 investments in Kenya Energy startups

EDF is an electric utility company that provides heat humps. wind turbines, photovoltaic, and geothermal energy. It serves small businesses, local authorities, and industrial and residential customers. They also generate electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, tidal, geothermal, and cogeneration plants.EDFalso manages low and medium-voltage public electricity distribution networks, operates, develops, and maintains high-voltage and very-high-voltage electricity transmission networks; and services and produces equipment and fuel for nuclear reactors. The company is present in all businesses such as transport, trading, production, sale, and the distribution of energy.EDF was founded in 1946 and is headquartered in Paris, Ile-de-France, France.

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Investment focus

  • Industry: Solar, Energy, Renewable Energy
  • Stage:Series B, Corporate Round, Seed
  • Geography: Kenya, France, Italy

Investor stats

  • Total investments: 10
  • Round size: Series B $11M–$101M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Persefoni AI — Persefoni is a Climate Management & Accounting Platform (CMAP). The company's Software-as-a-Service solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements with the highest degrees of trust, transparency, and ease. As the ERP of Carbon, the Persefoni platform provides usersa single source of carbon truth across their organization, enabling them to manage their carbon transactions and inventory with the same rigor and confidence as their financial transactions.
  • BBOXX Kenya — Bboxx exists to solve energy poverty. We transform lives and unlock potential through energy access.
  • SunCulture — At SunCulture, we strive to solve the biggest daily challenges of smallholder farmers. We use off-grid solar technology to provide our customers with reliable access to water, irrigation, lighting, and mobile charging, and we can do all of that with a single system.
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First circle capital
VC Fund · Casablanca, Grand Casablanca, Morocco · 1 investments in Kenya Energy startups

First Circle Capital is a venture capital firm seeding the next fintech generation in Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria, Egypt, United States

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • PayTic — PayTic enables payments issuers to manage their card programs by providing dedicated back-office solutions that streamline the end-to-end operations in customer support, chargebacks, fraud, AML, reporting, and reconciliation. Our proprietary solutions are unique in automating and centralizing the program management processes, regardless of thenumber of processors and the payment networks involved in the payments products. We impact payments providers by eliminating the defragmented and manual processes and replacing them with a SaaS platform that increases proactivity, mitigates risks, and delivers value. It reduces the burn rate to near 0 in operational costs and offers an unprecedented competitive advantage. PayTic is introducing the Zero Ops model in managing payments.
  • Pumpkn — Need reliable funding? We provide quick loans and capital tailored for Agriculture businesses in South Africa. Grow your business with Pumpkn. Apply now!
  • Scale — Scale accelerates market entry and revenue for fintechs with a people-first approach.
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Hooge Raedt Social Venture
VC Fund · Baarn, Utrecht, The Netherlands · 1 investments in Kenya Energy startups

Our goal is to create opportunities and choices for underserved people in East Africa through investments in socially-minded and viable businesses.

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Investment focus

  • Industry: Agriculture, Environmental Consulting, Environmental Engineering
  • Stage:Debt Financing
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • BioBuu — BioBuu focuses on the development of manufacturing capacity and environmentally sustainable production.
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DEG
VC Fund · Overland Park, Kansas, United States · 1 investments in Kenya Energy startups

DEG, a Merkle Company is a full-service digital agency purpose-built to meet clients in the moment with data-driven marketing, commerce, and collaboration solutions.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Debt Financing, Grant
  • Geography: India, South Africa, Ghana

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • BioBuu — BioBuu focuses on the development of manufacturing capacity and environmentally sustainable production.
  • Laprophan — Laprophan gives people access to cutting-edge treatments and therapies. As a result, we are committed to researching, developing, and bringing new, innovative goods to market. dedication to patient-centered care pervades everything we do, from product creation to service delivery.
  • SUN Energy — SUN Energy - Pengembang Proyek PLTS Terkemuka untuk Mendukung Perjalanan Keberlanjutan Perusahaan Anda.
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Endeavor
VC Fund · New York, New York, United States · 1 investments in Kenya Energy startups

About EndeavorEndeavor is the world’s leading community of high-impact entrepreneurs. Today, Endeavor’s network spans nearly 40 countries and supports more than 2,000 entrepreneurs, whose companies generate combined revenues of over $28 billion US, have created more than 3.9 million jobs, and, in 2020, raised over $4 billion US in capital.Endeavor’s unique entrepreneur-first model and network of trust provide a platform for founders to dream big, scale up, and pay it forward to the next generation of entrepreneurs.
About Endeavor CatalystEndeavor Catalyst is the rules-based, co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Launched in 2012, Endeavor Catalyst has ~$250M+ AUM across three funds and has made 200+ investments to date in 32+ different markets. Today The Endeavor Catalyst portfolio has 37 companies valued at $1B+, including 29 unicorns. Investments include Globant (NYSE:GLOB), Rappi, and Creditas in Latin America; Yemeksepeti.com and Careem in MENA; and Bukalapak and Carro in Indonesia.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Series A, Seed
  • Geography: Brazil, United States, Malaysia

Investor stats

  • Total investments: 61
  • Lead/follow: no public data

Portfolio highlights

  • Ume — Ume is a credit platform that specializes in accessing credit to all individuals for all purchases.
  • Pilar — Pilar provides real estate brokerage services.
  • ABC da Construção — ABC da Construção is a construction company that provides consultation and materials to clients. It supplies furnishing, designing, and building supplies. ABC da Construção was founded in 1990 and is headquartered in Minas Gerais, Brazil.
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Unruly Capital
VC Fund · Italy, Texas, United States · 1 investments in Kenya Energy startups

Investing in the crazy before it becomes normal

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Investment focus

  • Industry: Biotechnology, CleanTech, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 49
  • Lead/follow: no public data

Portfolio highlights

  • Ephos — Designing and manufacturing glass-based integrated photonic circuits that power the most advanced classical and quantum devices
  • AtmoCooling — AtmoCooling transforms coastal deserts into thriving hubs of agriculture, clean energy, and climate resilience. It was founded in 2022 and operates in the USA and UAE.
  • Terran Robotics — Terran Robotics is a construction company that specializes in AI and robotics. The company's headquarters are in Bloomington, Indiana.
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Aster Capital
VC Fund · France, Idaho, United States · 1 investments in Kenya Energy startups

VC fund

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Investment focus

  • Industry: Automotive, Sensor, Virtual Reality
  • Stage:Series A
  • Geography: United Kingdom, Kenya, France

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Hadean — Synthetic Environments that provide cutting edge training, real-time situational understanding and predictive intelligence for Governments, National Security and Commercial Enterprises
  • Warehousing1 — Warehousing1 is building the number one warehousing and distribution network in Europe. Companies can utilize the innovative platform to find ideal warehousing solutions anywhere, manage them digitally and optimize processes by gaining real-time visibility and data transparency.
  • Eatron Technologies — Delivering AI-powered Battery Optimisation Software that Enhances Safety, Extends Lifetime, and Boosts Performance for Lithium-ion Batteries.
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Partners Group
VC Fund · Baar, Zug, Switzerland · 1 investments in Kenya Energy startups

Partners Group are a unique, global alternative asset manager with strong Swiss roots, proactively providing their international client base with innovative, customized solutions.With CHF 19.2 billion in private equity assets under management, a global team of over 130 private equity professionals in seven offices, and over 300 partnershipinvestments led by over 200 general partners, Partners Group is one of the largest private equity asset managers worldwide.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Private Equity, Debt Financing
  • Geography: United States, Switzerland, India

Investor stats

  • Total investments: 78
  • Round size: Debt Financing $108M–$1.9B; Private Equity $55M–$699M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Restor3d — restor3d presents the next generation of personalized 3D-printed orthopedic implants. Patient-specific for better outcomes. Visit our website for details.
  • Omie — Omie is a Brazilian held software house that develops Cloud ERP and CRM for small and medium companies. The software is a platform for integrating companies and accounting firms, so it promotes and sells through an ecosystem where entrepreneurs and accountants are bound by consultants, the enablers. Omie DNA is simple, intuitive and affordable.Omie was founded on 2013 and is headquartered in São Paulo, Brazil.
  • Green Flexibility — Green Flexibility operates as a manufacturer of extensive battery storage systems.
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Blue Haven Initiative
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Solar, Energy, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: Kenya, United States, Ghana

Investor stats

  • Total investments: 23
  • Round size: Series A $2M–$11M; Series B $12M–$22M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • M-KOPA — M-KOPA is the global leader for “pay-as-you-go” energy services for off-grid customers. M-KOPA was established in 2011. Following 2 years of piloting and development, M-KOPA began commercial sales in Kenya in October 2012. M-KOPA expanded to Uganda in 2013 and commences operations in Tanzania in late 2014. Their team includes over 500 staff andwe sell our product through more than 1000 retail agents and shops. The founders of the company are experienced mobile technology innovators who believe in the huge potential of transformative, affordable products designed for underserved consumers. While excellent technology is a pre-requisite, technology alone does not solve for customer needs. Success comes when smart technology is combined with a commitment to on-going, on-the-ground delivery. To that end, M-KOPA is beginning to license its technology to experienced and reputable third parties in markets outside of East Africa (licensing queries should be sent to licensing@m-kopa.com). M-KOPA has developed a proprietary, patented technology platform that combines embedded GSM + mobile payments to revolutionize asset financing in emerging markets. The M-KOPAnet platform has been designed and built from the ground up by our talented team of software engineers, who continue to innovate and improve the system every day. It offers the powerful combination of accounting + customer relationship management + inventory tracking in one complete system. Aside from enabling our business operations to scale at record speed, the M-KOPAnet™ platform captures and processes huge volumes of data, enabling us to improve our proposition, customer service, and security in real-time.
  • TIBU Health — TIBU Health is a disruptive HealthTech logistics company that provides high-quality healthcare services.
  • BlueMark — BlueMark is the leading provider of impact intelligence and independent verification for the sustainable and impact investing market.
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Ambo Ventures
VC Fund · 1 investments in Kenya Energy startups

Ambo Ventures is a new fund dedicated to launching sustainable ecosystems in Africa.

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Investment focus

  • Industry: CleanTech, Automotive, Electronics
  • Stage:Seed
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Roam — The Standard for Electric Mobility in Africa.
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Revolution
VC Fund · Washington, District of Columbia, United States · 1 investments in Kenya Energy startups

Revolution invests in people and ideas that can change the world. Our mission is to build disruptive, innovative companies that offer more choice, convenience, and control in the lives of consumers and businesses.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Series A, Seed
  • Geography: United States, Canada, Kenya

Investor stats

  • Total investments: 180
  • Round size: Seed $641k–$5M; Series A $3.3M–$18M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Talkspace — Connect with a licensed therapist from the palm of your hand, and experience the most convenient, affordable way to improve your mental health. Start today.
  • DemandJump — Combining your data with data beyond your four walls DemandJump provides a roadmap of the actions you should take to ensure your marketing drives revenue.
  • Framebridge — Framebridge makes online custom picture framing ridiculously easy, fast, and affordable.
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Nordic Development Fund
VC Fund · 1 investments in Kenya Energy startups

The Nordic Development Fund (NDF) is the joint Nordic international finance institution focusing on the nexus between climate change and development in lower-income countries and countries in fragile situations.

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Investment focus

  • Industry: Solar, Farming, Agriculture
  • Stage:Debt Financing
  • Geography: Kenya

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SunCulture — At SunCulture, we strive to solve the biggest daily challenges of smallholder farmers. We use off-grid solar technology to provide our customers with reliable access to water, irrigation, lighting, and mobile charging, and we can do all of that with a single system.
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Threshold
VC Fund · Menlo Park, California, United States · 1 investments in Kenya Energy startups

Threshold is an early-stage venture capital firm that focuses on a high-conviction investment strategy. The firm partners with entrepreneurs to build innovative consumer, enterprise, and healthcare technology companies.

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Investment focus

  • Industry: Software, Internet, Mobile
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 510
  • Round size: Series A $2.3M–$23M; Series B $4.2M–$50M; Series C $4.5M–$81M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $450M in 2022

Portfolio highlights

  • EdgeQ — EdgeQ is an information technology company that specializes in the fields of 5G chip systems. The company is pioneering converged connectivity and AI that is fully software-customizable and programmable. It was founded in 2018 and headquartered in Santa Clara, California.
  • CrowdAI — The world's most intuitive computer vision platform built for users of all technical abilities, no code required.
  • SpaceX — SpaceX designs, manufactures and launches advanced rockets and spacecraft.
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Factor E
VC Fund · Fort Collins, Colorado, United States · 1 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Energy, Renewable Energy, Agriculture
  • Stage:Seed, Series A, Convertible Note
  • Geography: Kenya, United States, India

Investor stats

  • Total investments: 34
  • Round size: Seed $500k–$4.6M; Series A $1.3M–$10M; Convertible Note $20k–$1.1M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Ferntech — Take control of your decentralized power system with Odyssey's FernTech software and hardware. Get real-time insights and automate operations with our reliable data collection, system automation, and range of controllers and IoT gateways. Explore the FernTech product suite and see how it works in action. Contact us to learn more.
  • Open Access Energy — South Africa's first multilateral wheeling software platform that automates energy transactions.
  • 60Hertz Energy — Unify asset management with asset monitoring, enhance scheduling, and facile communication. Book a Demo Now!
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FMO
VC Fund · The Hague, Zuid-Holland, The Netherlands · 1 investments in Kenya Energy startups

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.

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Investment focus

  • Industry: Financial Services, Finance, Renewable Energy
  • Stage:Debt Financing, Post-IPO Debt, Series B
  • Geography: India, Kenya, The Netherlands

Investor stats

  • Total investments: 178
  • Round size: Series B $4.5M–$46M; Post-IPO Debt $25M–$420M; Debt Financing $4M–$195M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • Tagaddod — Tagaddod is a renewable Energy and Waste Management Egyptian company, started in February 2013 and operating in Cairo –Egypt. Currently focusing on clean fuels, Tagaddod is working on Biodiesel production from Vegetable Oils. Biodiesel is a fuel alternative that is produced from waste vegetable oils and used in conventional diesel engines, whichcan directly substitute for or extend supplies of traditional petroleum diesel.
  • Coris Holding
  • Yednist' Group
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Musha Ventures
VC Fund · New York, New York, United States · 1 investments in Kenya Energy startups

Seed capital for technology startups globally.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 156
  • Round size: Seed $125k–$6M; Pre-Seed $300k–$3.2M; Series A $2.5M–$10M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
  • Zeno — Zeno is a climate conscious motor company that offers eco-friendly motorcycles.
  • Lori Systems — Lori Systems is revolutionizing African logistics through innovative technology solutions. We connect shippers, transporters, and drivers to create efficient, reliable, and transparent supply chains across Africa.
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Lendahand
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 1 investments in Kenya Energy startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Renewable Energy
  • Stage:Debt Financing, Series A, Series B
  • Geography: Kenya, Uganda, Germany

Investor stats

  • Total investments: 10
  • Round size: Debt Financing $154k–$17M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • upOwa — upOwa brings electricity to Africa through our innovative Pay-As-You-Go solar technology for the poorest.
  • Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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Gray Matters Capital
VC Fund · Atlanta, Georgia, United States · 1 investments in Kenya Energy startups

We are an impact investor in the global south. Our deep roots in microfinance and education finance have demonstrated profit with purpose. We focus on self-development and skilling technology for women to find meaningful work.

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Investment focus

  • Industry: Education, E-Learning, Health Care
  • Stage:Seed, Series A
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 33
  • Round size: Seed $50k–$2.3M; Series A $1M–$6M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • FinAGG — Discover FinAgg Quick Cash Flow for loans, credit, and finance solutions. Access trusted lenders for personal and business needs. Take charge today!
  • PickMyWork — Have a product for Indian Users or merchants? - Leave the headache of scaling up your product to PickMyWork.
  • Kreedo Early Childhood Solutions — Kreedo Preschool Non-Franchise Solution | education development partner that helps create your preschool brand | Promotes with strong ROI.
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Norfund
VC Fund · Oslo, Oslo, Norway · 1 investments in Kenya Energy startups

Norwegian investment fund for developing countries

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Investment focus

  • Industry: Energy, Financial Services, Renewable Energy
  • Stage:Private Equity, Debt Financing
  • Geography: South Africa, Kenya, Nigeria

Investor stats

  • Total investments: 103
  • Round size: Debt Financing $2.2M–$156M; Private Equity $7.4M–$125M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • WeLight — WeLight deploys sustainable and accessible solutions to accelerate energy inclusion in rural areas of Africa.
  • CrossBoundary — CrossBoundary Energy's renewable energy solutions help decarbonize enterprise by providing cleaner, cheaper and more reliable power.
  • mopo — Mobile Power's innovative pay-per-use battery sharing network unlocks clean energy for households, businesses and electric transport in Sub-Saharan Africa.
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Schneider Electric
VC Fund · Rueil-malmaison, Ile-de-France, France · 1 investments in Kenya Energy startups

As a global specialist in energy management and automation in more than 100 countries, we offer integrated energy solutions across multiple market segments.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Series A, Series C, Seed
  • Geography: United States, France, Australia

Investor stats

  • Total investments: 39
  • Round size: Seed $1.4M–$27M; Series A $1.8M–$121M; Series C $2M–$1.4B
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Uplight — Uplight supports energy providers around the world with clean energy solutions for customer engagement and grid flexibility management.
  • Skild AI — Building general purpose robotic intelligence
  • STELLARIA — Stellaria is a 200 MWe molten salt reactor with 20-year autonomy, delivering safe, sustainable nuclear power without refueling.
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Energy VC funding in Kenya at a glance

Stats across 211 deals from 215 investors.

215
investors
in Kenya Energy startups
211
deals
in Kenya Energy startups
$3M
median round
in Kenya Energy startups
48%
lead investors
lead at least one round
19%
Grant
most common funding stage

Access all 215 VC funds in Kenya Energy startups.

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