# Spark+ Africa Fund

> Spark+ Africa Fund is a VC fund in Nairobi backing Finance and Retail. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Nairobi, Kenya
- Total investments: 9
- Last investment: Jul 2024
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/sparkafricafund/
- Website: https://www.sparkafricafund.com/

Spark+ Africa Fund is a fund of financial companies that provide next-generation, widely dispersed cooking energy solutions for the general public and was established to encourage investment in one of the world's most neglected energy concerns with substantial social and environmental ramifications. Other social and environmental advantagesthat businesses can provide include preserving forests, promoting gender equality, fostering industrial and economic growth, and lowering greenhouse gas emissions.

## Contacts

5 contacts available for Spark+ Africa Fund. Shizune tracks 2 team members at Spark+ Africa Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/spark-africa-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Finance | 2 | 22% |
| Retail | 1 | 11% |
| Banking | 1 | 11% |
| Cooking | 1 | 11% |
| Organic | 1 | 11% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 4 | 44% |
| Series A | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Kenya | 2 | 22% |
| Australia | 1 | 11% |
| United States | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Peter George | Co-Investment Director | 4 | — |
| Xavier Pierluca | Co-Investment Director | 4 | https://shizune.co/investors/profile/xavier-pierluca |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ATEC | ATEC solves clean cooking and climate change through disruptive technology. ATEC's products leverage macro trends that are working together to lift half the world's population into sustainable lives and combine these trends with patented IoT technology that enables paygo financing, carbon credits, and e-commerce, to bring clean cooking toevery household on the planet. The company provides households sustainable, affordable and accessible modern cooking products.ATEC is an award-winning social enterprise with teams across Cambodia, Bangladesh, Australia and Singapore.It was founded in 2016 and is located in Castlemaine, Victoria. | $3.8M | Series A | Jul 01, 2024 |  |
| ATEC | ATEC solves clean cooking and climate change through disruptive technology. ATEC's products leverage macro trends that are working together to lift half the world's population into sustainable lives and combine these trends with patented IoT technology that enables paygo financing, carbon credits, and e-commerce, to bring clean cooking toevery household on the planet. The company provides households sustainable, affordable and accessible modern cooking products.ATEC is an award-winning social enterprise with teams across Cambodia, Bangladesh, Australia and Singapore.It was founded in 2016 and is located in Castlemaine, Victoria. | $3.8M | Series A | Jul 01, 2024 |  |
| Tasc | Tasc specializes in identifying, financing, and developing projects that align with market needs and environmental goals. | $3.5M | Debt Financing | Jun 12, 2023 |  |
| Tasc | Tasc specializes in identifying, financing, and developing projects that align with market needs and environmental goals. | $3.5M | Debt Financing | Jun 12, 2023 |  |
| Bidhaa Sasa | Bidhaa Sasa is a finance and last-mile distribution company that focuses on providing a range of household goods to rural homes. The products available such as solar lamps, water tanks, and more, have been chosen to save users time and money.Bidhaa Sasa cost-effectively provides products on a credit basis, where users can purchase items viainstallment payments. | $500K | Debt Financing | Jan 31, 2023 |  |
| Sumac Microfinance Bank Ltd | Sumac Microfinance Bank provides banking, financial, and insurance services. | $2M | Debt Financing | Sep 13, 2022 |  |
| Sumac Microfinance Bank Ltd | Sumac Microfinance Bank provides banking, financial, and insurance services. | $2M | Debt Financing | Sep 13, 2022 |  |
| BURN | BURN's core business is the design, local manufacture, and distribution of fuel-efficient cooking products that save lives and forests in the developing world. Their modern manufacturing facility outside of Nairobi makes one stove per minute and is the largest of its kind on the continent. | $4M | Debt Financing | Jun 01, 2022 |  |
| BURN | BURN's core business is the design, local manufacture, and distribution of fuel-efficient cooking products that save lives and forests in the developing world. Their modern manufacturing facility outside of Nairobi makes one stove per minute and is the largest of its kind on the continent. | $4M | Debt Financing | Jun 01, 2022 |  |

9 of 9 investments shown.

## Co-investors
- [DRW](https://shizune.co/investors/profile/drw-trading-group) — VC Fund, 2 deals together
- [International Development Enterprises(iDE)](https://shizune.co/investors/profile/international-development-enterprises-ide) — VC Fund, 2 deals together
- [Kibo Invest](https://shizune.co/investors/profile/kibo-invest) — VC Fund, 2 deals together
- [Save the Children International](https://shizune.co/investors/profile/save-the-children-international) — VC Fund, 2 deals together
- [Schneider Electric](https://shizune.co/investors/profile/schneider-electric) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Spark+ Africa Fund invest in?

Spark+ Africa Fund invests primarily in Finance, Retail and Banking startups, most often at Debt Financing and Series A stage. Most of the 9 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Spark+ Africa Fund?

Public channels for Spark+ Africa Fund include LinkedIn and 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 Spark+ Africa Fund?

The team at Spark+ Africa Fund includes Peter George (Co-Investment Director) and Xavier Pierluca (Co-Investment Director). 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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