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Top 10 Impact VC Funds & Investors in Mauritius (July 2026)

The most active venture capital funds investing in Mauritius Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Mauritius Impact startup companies. Find investors to raise a Series A, Debt Financing or Private Equity round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
SunFunder
VC Fund
2 Kenya, Mauritius, United States Debt Financing, Series C Solar, Energy, Renewable Energy $1.5M–$60M
KFW DEG
VC Fund
2 India, Kenya, Brazil Debt Financing, Grant, Private Equity Financial Services, Energy, FinTech $100k–$570M
Fortis Green Renewables Investment Management
VC Fund
1 Mauritius Venture - Series Unknown Energy, Finance, Clean Energy
FSD Africa
VC Fund
1 Kenya, Ethiopia, South Africa Grant, Seed, Series B Financial Services, Energy, FinTech $10k–$14M
European Investment Bank
VC Fund
1 France, Germany, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy $16M–$658M
International Finance Corporation
VC Fund
1 India, Brazil, United States Debt Financing, Post-IPO Debt Financial Services, Finance, Banking $20M–$500M
Sagemcom
VC Fund
1 Mali, Mauritius Series A, Venture - Series Unknown Energy, Solar, Renewable Energy
Norfund
VC Fund
1 South Africa, Kenya, Nigeria Private Equity, Debt Financing Energy, Financial Services, Renewable Energy $2.2M–$156M
Inspired Evolution Investment Management
VC Fund
1 Kenya, South Africa, Nigeria Private Equity, Series A Renewable Energy, Energy, Solar $20M–$60M
Persistent
VC Fund
1 Ghana, Germany, Switzerland Seed, Series A Energy, Solar, Renewable Energy $500k–$10M
Access all 17 VC funds in Mauritius Impact startups.

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Investor list

SunFunder
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Mauritius Impact 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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KFW DEG
VC Fund · Cologne, Nordrhein-Westfalen, Germany · 2 investments in Mauritius Impact startups

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Grant, Private Equity
  • Geography: India, Kenya, Brazil

Investor stats

  • Total investments: 117
  • Round size: Grant $100k–$1.1M; Debt Financing $10M–$570M; Private Equity $11M–$274M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • DataVolt — DataVolt is a leading innovator in state-of-the-art and sustainable data center solutions, empowering businesses across the globe to connect, collaborate, and grow in today's data-driven world. Our solutions, driven by security, sustainability, scalability, and reliability, facilitate digital transformation for our clients, amplifyingoperational efficiency and enabling them to contribute meaningfully to a sustainable digital future. With strategically positioned operations in Riyadh, Dubai, and California, we offer businesses the robust digital infrastructure necessary to succeed in the rapidly evolving digital landscape. We strive to redefine the future of data centers through groundbreaking innovation,
  • Combio Energia — ComBio Energia Provide energy generation solutions with renewable sources, creating, growing, and long-term economic value. They develop projects for steam generation and cogeneration of electricity with biomass, which promote environmental improvements and significant cost reductions for customers in the industrial segment. They offer, based on adetailed analysis of the needs of each customer, a dedicated energy solution, adapted to their consumption profile.
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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Fortis Green Renewables Investment Management
VC Fund · Kigali, Butare, Rwanda · 1 investments in Mauritius Impact startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Spark Energy Services — Spark Energy Services works with experienced developers across Africa, providing their partners with up to 100% upfront financing for the installation of on-site renewable energy and energy efficiency equipment for C&I businesses. Spark provides access to a diversified portfolio of clean energy projects across Africa, offering investors aclimate-positive investment with a strong, transparent, and robustly measured ESG profile. Through their development partners, Spark offers C&I companies a zero up-front cost solution to their energy needs, whilst significantly reducing their monthly power bills.
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FSD Africa
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Mauritius Impact startups

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

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Grant, Seed, Series B
  • Geography: Kenya, Ethiopia, South Africa

Investor stats

  • Total investments: 22
  • Round size: Seed $3.9M–$6M; Grant $10k–$134k; Series B $14M–$14M
  • Lead/follow: 77% lead, 23% follow

Portfolio highlights

  • Miarakap — Miarakap is the first impact investment company dedicated to financing and supporting Small and Medium Enterprises with high potential in Madagascar.
  • Dhamana Guarantee — An East African focused credit guarantee company whose principal business is to guarantee local currency debt obligations in Kenya, Tanzania, Uganda and Rwanda.
  • Africa Renewables Katalyst — Africa Renewables Katalyst is an environmental firm that supports renewable energy projects.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Mauritius Impact startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, The Netherlands

Investor stats

  • Total investments: 488
  • Round size: Post-IPO Debt $16M–$658M; Debt Financing $16M–$370M
  • Lead/follow: 82% lead, 18% follow

Portfolio highlights

  • RE:OCEAN — OUR MISSION IS TO FARM SALMON FOR THE BENEFIT OF HEALTH AND THE PLANET. WE'LL DO THIS BY BUILDING A LARGE SCALE FISH FARM IN THE middle OF SWEDEN. - WE'RE MAKING THE IMPOSSIBLE POSSIBLE - AN OCEAN ON LAND. RE:OCEAN IN BRIEF One in five salmons in Sweden 2026 will come from RE:OCEAN Fresh
  • Wandercraft — Self- balancing and hands free movement with the innovative self-balancing feature, Atalante allows for multi-tasking and cognitive involvement as part of treatments.
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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International Finance Corporation
VC Fund · Washington, District of Columbia, United States · 1 investments in Mauritius Impact startups

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: India, Brazil, United States

Investor stats

  • Total investments: 593
  • Round size: Post-IPO Debt $50M–$500M; Debt Financing $20M–$400M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Revelo — Scale your development team with the top 1% of 1,000,000+ software engineers in Latin America. Get matched with senior remote developers who have strong technical and English-speaking skills & hire them without the overhead. We handle payroll, taxes, and HR. Flat monthly rate.
  • Twiga Foods — Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Founded in 2013, Twiga is based in Nairobi, Kenya.
  • ABBANK — An Binh Commercial Joint Stock Bank, a commercial bank, provides consumer and corporate banking services in Vietnam. The company offers consumer banking services, such as term and non-term savings, demand, and accumulated savings deposits; and unsecured consumption, home erection/renovation, secured consumption, business and production, car,home, listed and non-listed securities, overseas study, savings account book/account balance mortgage, and business and production supplementary loans. It provides corporate banking services, including commercial financing, import financing, pre-shipment export financing, SME financing, and co-financing loans; supplementary installment loans for business.
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Sagemcom
VC Fund · Rueil-malmaison, Ile-de-France, France · 1 investments in Mauritius Impact startups

Sagemcom is a French high-tech group of international dimensions, the group operates on the broadband (digital home, set-top boxes, Internet routers, telephony and multimedia terminals), smart city (smart meter, smart grid, smart infra, smart sites and smart services), and Internet of Things markets (founding member of the LoRa Alliance).Withrevenue of around €1.3 billion, Sagemcom employs 4,000 people on five continents and ships every year more than 23 million terminals. Sagemcom aims to remain a world leader in communicating terminals with high added value.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Series A, Venture - Series Unknown
  • Geography: Mali, Mauritius

Investor stats

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

Portfolio highlights

  • Escotel — Escotel is an energy services company currently focused on Sub-Saharan Africa countries. Escotel provides energy services to mobile tower owners and operators, owning and operating decentralized renewable energy infrastructure across Africa
  • WeLight — WeLight deploys sustainable and accessible solutions to accelerate energy inclusion in rural areas of Africa.
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Norfund
VC Fund · Oslo, Oslo, Norway · 1 investments in Mauritius Impact 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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Inspired Evolution Investment Management
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Mauritius Impact startups

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.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Private Equity, Series A
  • Geography: Kenya, South Africa, Nigeria

Investor stats

  • Total investments: 11
  • Round size: Series A $20M–$35M; Private Equity $20M–$60M
  • Lead/follow: 82% lead, 18% follow
  • Last fund: May invest from a new fund soon — raised $178M in 2019

Portfolio highlights

  • Escotel — Escotel is an energy services company currently focused on Sub-Saharan Africa countries. Escotel provides energy services to mobile tower owners and operators, owning and operating decentralized renewable energy infrastructure across Africa
  • d.light — Founded in 2007 as a for-profit social enterprise, d.light manufactures and distributes award-winning solar lighting and power products designed to serve the more than 2 billion people globally without access to reliable electricity. Through five distribution hubs in East Africa, West Africa, India, Southeast Asia, and the United States, d.lighthas impacted over 65 million lives with its products. d.light is dedicated to providing the most reliable, affordable, and accessible solar lighting and power systems for the developing world, with the goal of reaching 100 million people by 2020. For more information, visit www.dlight.com.
  • Cold Solutions Kenya — Cold Solutions Kenya Ltd offers temperature-controlled storage and cold chain logistics for perishable goods.
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Persistent
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Mauritius Impact startups

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.

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Ghana, Germany, Switzerland

Investor stats

  • Total investments: 24
  • Round size: Seed $500k–$1.3M; Series A $1.1M–$10M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
  • EcoNetix — We help companies reduce emissions, offset with high-integrity carbon projects, and communicate impact transparently to achieve compliance certainty, climate
  • Circadian Technologies GmbH — AI-driven VPP unlocking revenue for telecom towers.
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Impact VC funding in Mauritius at a glance

Stats across 10 deals from 17 investors.

17
investors
in Mauritius Impact startups
10
deals
in Mauritius Impact startups
$15M
median round
in Mauritius Impact startups
53%
lead investors
lead at least one round
50%
Debt Financing
most common funding stage

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