Inspired Evolution Investment Management
VC Fund
Cape Town, South Africa
Inspired Evolution Investment Management is a VC fund in Cape Town focused on Renewable Energy and Energy. 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.
- Total investments:
- 13
- Last investment:
- Lead investor:
- 69%
- Fund size:
- $178M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Inspired Evolution Investment Management invests in
Stages Inspired Evolution Investment Management invests in
Countries Inspired Evolution Investment Management invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
1 more contact available
Round size
- Series A
- $20M–$35M
- Private Equity
- $20M–$60M
Investment Focus
Industry
- Renewable Energy 4 (31%)
- Energy 3 (23%)
- Solar 2 (15%)
- PaaS 1 (8%)
- Battery 1 (8%)
Stage
- Private Equity 3 (23%)
- Series A 2 (15%)
- Funding Round 2 (15%)
- Series E 1 (8%)
- Secondary Market 1 (8%)
Country
- Kenya 2 (15%)
- South Africa 2 (15%)
- Nigeria 1 (8%)
- Mauritius 1 (8%)
- United States 1 (8%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Mike Brooks
CEO
|
CEO | Total investments: 0 | Find email | |
|
Anthony Ngugi
Investment Director
|
Investment Director | Total investments: 2 | Find email | |
Christopher Clarke
Managing Partner & Co-Founder
|
Managing Partner & Co-Founder | Total investments: 1 | Find email | |
Wayne Keast
Managing Partner
|
Managing Partner | Total investments: 5 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
CrossBoundary
|
CrossBoundary recently formed CrossBoundary Energy, the first dedicated investment fund for Commercial and Industrial solar in Africa.Many businesses in Africa generate a significant portion of their own electricity through inside-the-fence diesel generation. Due to the cost of diesel, it would be economically and environmentally optimal forthese businesses to switch to renewable generation through solar and other alternatives. However, businesses are ill equipped to take the financial and technical risk to finance a conversion to renewables. At the same time, capital lacks a standardized platform to access these profitable but relatively small transactions.CrossBoundary Energy is a platform to aggregate finance for medium scale renewable self-generation. The platform finances renewable generation projects (0.2MW-10MW) that serve commercial customers in Africa such as off-grid light manufacturing, cell towers, farms, remote hospitals, eco-lodges and beverage bottlers. Our goal is to enable the delivery of energy-as-service and unlock the latent opportunity for renewable own-generation in Africa. | $40M / Private Equity / Apr 23, 2026 | |
SolarSaver
|
SolarSaver offers customized solar photovoltaic and solar-battery hybrid solutions. | $60M / Private Equity / Nov 10, 2025 | |
Equator Energy
|
Equator Energy is a solar energy power plants company which is dedicated to helping reduce expenditure on electricity | $20M / Secondary Market / Jan 01, 2024 | |
Red Rocket South Africa
|
Red Rocket is a renewable energy integrated power plant (IPP) that designs, develops, and distributes clean energy. | Sep 26, 2023 | |
GENERALE DU SOLAIRE
|
GENERALE DU SOLAIRE specialized in developing, engineering, procurement, construction (EPC), financing and operating solar power plants. | $9.1M / Venture - Series Unknown / Jan 01, 2022 | |
ManoCap Energy
|
ManoCap Energy is a provider of energy management and financing services to help energy corporations meet their clean energy needs. Its services facilitate the design of the solar, wind, and biofuel energy systems, finance the project with no upfront capital investment, and also provide technical support for the built systems. | $20M / Venture - Series Unknown / Jan 01, 2022 | |
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. | $15M / Venture - Series Unknown / Oct 15, 2021 | |
|
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 | $35M / Series A / Dec 16, 2020 | |
|
Red Rocket South Africa
|
Red Rocket is a renewable energy integrated power plant (IPP) that designs, develops, and distributes clean energy. | Jan 01, 2020 | |
Rensource Energy
|
Rensource is a new type of energy company built as a financial services business.Rensource offers a turnkey business opportunity that allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (“PaaS”) to their customers. Rensource generates electricity using small solar-hybrid systems that are installedin the premises of the final customer. At the heart of Rensource lies an internal “bank”: a balance sheet financing the solar-hybrid systems, and a credit operation underwriting and servicing the monthly collections from final customers. Rensource´s mission is to make Nigeria the first country in the world relying predominantly on distributed renewables-based power generation. | $20M / Series A / Dec 18, 2019 | |
| See all 13 investments → | |||
Co-Investors
FMO
3 deals together
Norfund
3 deals together
Swedfund International
3 deals together
CRE Venture Capital
1 deal together
KawiSafi Ventures
1 deal together
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FAQ
What does Inspired Evolution Investment Management invest in?
Inspired Evolution Investment Management invests primarily in Renewable Energy, Energy and Solar startups, most often at Private Equity and Series A stage. Most of the 13 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Inspired Evolution Investment Management's check size?
Inspired Evolution Investment Management typically joins rounds of $20M–$35M at Series A and $20M–$60M at Private Equity. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Inspired Evolution Investment Management participates in.
How do I contact Inspired Evolution Investment Management?
Public channels for Inspired Evolution Investment Management include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Inspired Evolution Investment Management?
The team at Inspired Evolution Investment Management includes Mike Brooks (CEO), Anthony Ngugi (Investment Director) and Christopher Clarke (Managing Partner & Co-Founder). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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