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Top 50 Renewable Energy Startup Investors in Africa (August 2026)

The most active venture capital funds and angel investors investing in Africa Renewable Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Africa Renewable 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
All On
VC Fund
8 Nigeria, France, Senegal Seed, Venture - Series Unknown, Grant Renewable Energy, Energy, Solar $50k–$2.5M
EDFI ElectriFI
VC Fund
5 United States, Kenya, France Debt Financing, Series A Energy, Solar, Renewable Energy $110k–$30M
Norfund
VC Fund
4 Kenya, South Africa, Nigeria Private Equity, Debt Financing Financial Services, Energy, Renewable Energy $2.2M–$156M
CRE Venture Capital
VC Fund
4 Nigeria, South Africa, United States Seed, Series A, Pre-Seed Financial Services, Software, FinTech $250k–$25M
British International Investment
VC Fund
3 India, Kenya, Nigeria Debt Financing, Series B Financial Services, Banking, Finance $6.8M–$100M
Equator
VC Fund
3 Kenya, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, Renewable Energy, Agriculture $1.8M–$15M
Factor E
VC Fund
3 Kenya, United States, India Seed, Series A, Convertible Note Energy, Renewable Energy, Agriculture $20k–$10M
Oikocredit International
VC Fund
3 India, Nigeria, Kenya Debt Financing, Series B Financial Services, Finance, FinTech $1.1M–$33M
Alphamundi
VC Fund
2 Kenya, Colombia, Ghana Debt Financing, Series A, Series B Agriculture, Renewable Energy, Financial Services $1.7M–$16M
EcoEnterprises Fund
VC Fund
2 Brazil, Mexico, Kenya Series A, Debt Financing Agriculture, Food and Beverage, Food Processing $4.1M–$12M
Lion’s Head Global Partners
VC Fund
2 Kenya, France, Senegal Debt Financing, Venture - Series Unknown Renewable Energy, Solar, Energy $2.2M–$11M
Mani Kapital
VC Fund
2 Kenya Communities, Clean Energy, Renewable Energy
At One Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Energy, Manufacturing, Agriculture $2.9M–$70M
Blue Rinc Capital
VC Fund
2 Nigeria Seed PaaS, Energy, Renewable Energy $1.1M–$1.1M
Inspired Evolution Investment Management
VC Fund
2 Kenya, South Africa, Nigeria Private Equity, Series A Renewable Energy, Energy, Solar $20M–$60M
Global Partnerships
VC Fund
2 Kenya, United States Series A, Seed Clean Energy, Renewable Energy, Solar $1.7M–$10M
AXA Investment Managers
VC Fund
2 United States, France, United Kingdom Series A, Series B, Series C Medical, Biotechnology, Renewable Energy $8M–$148M
Lendahand
VC Fund
2 Kenya, Uganda, Germany Debt Financing, Series A, Series B Financial Services, FinTech, Renewable Energy $154k–$17M
Private Infrastructure Development Group
VC Fund
2 Kenya, Zambia, Senegal Grant, Debt Financing, Series C Energy, Renewable Energy, Solar $66k–$50M
Social Investment Managers & Advisors
VC Fund
2 United States, India, Kenya Debt Financing, Series C, Post-IPO Equity Solar, Renewable Energy, Energy $150k–$90M
ENGIE Rassembleurs d'Energies initiative
VC Fund
2 France, India, Kenya Series A, Seed, Series C Solar, Energy, Software $1.2M–$12M
Opes Impact Fund
VC Fund
2 Italy, Kenya, India Venture - Series Unknown, Seed Communities, Agriculture, Energy $219k–$910k
Metier Private Equity
VC Fund
2 South Africa, Kenya, Nigeria Private Equity, Seed Retail, Fashion, Consumer $20M–$36M
Shell Foundation
VC Fund
2 India, United States, Kenya Grant, Seed, Debt Financing Energy, Financial Services, Solar $300k–$53M
Sissili Limited
VC Fund
2 Nigeria Seed PaaS, Energy, Renewable Energy $1.1M–$1.1M
Persistent
VC Fund
2 Ghana, Germany, Switzerland Seed, Series A Energy, Solar, Renewable Energy $500k–$10M
Launch Africa
VC Fund
2 Nigeria, South Africa, United States Seed, Pre-Seed, Venture - Series Unknown Financial Services, FinTech, Information Technology $200k–$4M
216 Capital
VC Fund
2 Tunisia, France, United States Seed, Pre-Seed, Angel B2B, SaaS, Software $161k–$1.5M
Acumen
VC Fund
2 United States, India, Kenya Seed, Series A Agriculture, Solar, Financial Services $300k–$12M
Kiva
VC Fund
2 Kenya, United States, Ghana Debt Financing, Seed, Series A Energy, Agriculture, Renewable Energy $15k–$18M
Frankford Re
VC Fund
2 Nigeria Seed PaaS, Energy, Renewable Energy $1.1M–$1.1M
Kepple Africa Ventures
VC Fund
2 Nigeria, Kenya, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$23M
EDFI Management Company
VC Fund
2 Zambia, Benin, Ghana Debt Financing, Series B, Venture - Series Unknown Renewable Energy, Energy, Solar $2.6M–$15M
Novastar Ventures
VC Fund
2 Kenya, Nigeria, United Kingdom Series A, Series B Agriculture, Health Care, FinTech $1.7M–$42M
CoCapital
VC Fund
2 Kenya, Mexico Series A, Series C Agriculture, Energy, Biomass Energy $12M–$12M
Finnfund
VC Fund
2 Kenya, India, South Africa Debt Financing, Series B Financial Services, Energy, FinTech $2.7M–$135M
InfraCo Africa
VC Fund
2 Kenya, India, France Seed, Series B Renewable Energy, Solar, Energy $1.5M–$28M
Energise Africa
VC Fund
2 Kenya, Uganda, Germany Debt Financing, Venture - Series Unknown Energy, Renewable Energy, Solar $200k–$1.4M
DILA Capital
VC Fund
2 Mexico, United States, Spain Seed, Series A FinTech, E-Commerce, Software $800k–$25M
Yuzuru Honda
Angel
1 Japan, Nigeria, Singapore Seed, Angel Information Technology, SNS, Internet $2.8M–$5.7M
The ASISA ESD Fund
VC Fund
1 South Africa Seed, Series B, Series A FinTech, Internet, InsurTech $740k–$22M
Proparco
VC Fund
1 India, Kenya, Nigeria Debt Financing, Private Equity Financial Services, Energy, Finance $447k–$200M
GreenTec Capital Partners
VC Fund
1 Kenya, Nigeria, Morocco Seed, Pre-Seed, Venture - Series Unknown Logistics, Information Technology, Retail $50k–$1M
Satgana
VC Fund
1 Kenya, France, Austria Pre-Seed, Seed Electronics, B2B, Biotechnology
VilCap Investments
VC Fund
1 United States, India, Kenya Seed, Series A Financial Services, Health Care, FinTech $50k–$6M
Helios Investment Partners
VC Fund
1 Nigeria, United States, United Kingdom Private Equity, Series A Financial Services, Energy, Banking $4M–$179M
Secha Capital Partners
VC Fund
1 South Africa, The Netherlands Private Equity, Venture - Series Unknown, Seed Health Care, Manufacturing, Beauty
F6 Ventures
VC Fund
1 Tunisia, France Seed, Pre-Seed E-Commerce, Information Technology, Retail $62k–$200k
Investo
VC Fund
1 United States, Mexico, Chile Seed, Pre-Seed, Angel E-Commerce, Financial Services, Internet $120k–$5M
Ambo Ventures
VC Fund
1 Egypt, Kenya Seed, Pre-Seed Automotive, Electronics, Biotechnology
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

All On
VC Fund · Ikoyi, Lagos, Nigeria · 8 investments in Africa Renewable Energy startups

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

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Seed, Venture - Series Unknown, Grant
  • Geography: Nigeria, France, Senegal

Investor stats

  • Total investments: 24
  • Round size: Seed $100k–$2.5M; Grant $50k–$395k; Venture - Series Unknown $500k–$1.3M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Eja-Ice — Eja-Ice is a technology company that provides solar cold chain systems, refrigeration solutions, and temperature-controlled transport.
  • Koolboks — Koolboks: solar-powered, financially accessible fridges with an integrated pay-as-you-go platform dedicated to making cooling accessible to all of Sub-Saharan Africa. Get a Koolboks refrigerator for as little as 25k Naira down payment today!
  • Hinckley Recycling — Hinckley Recycling is dedicated to the responsibility of being a good steward of the environment and will in all circumstances aspire to constantly emphasize awareness of the natural environment, whilst maintaining a level of proficiency which demonstrates bona fide leadership in all spheres of the environment.
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EDFI ElectriFI
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Africa Renewable 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: 65
  • 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 — Bodawerk is an innovations and engineering company. Our products are created to serve the needs of people at the bottom of the pyramid.
  • MyJouleBox — MyJouleBox offers a solution for solar professionals in Africa to offer leased solar installations to their customers.
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Norfund
VC Fund · Oslo, Oslo, Norway · 4 investments in Africa Renewable Energy startups

Norwegian investment fund for developing countries

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Investment focus

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

Investor stats

  • Total investments: 104
  • Round size: Debt Financing $2.2M–$156M; Private Equity $7.4M–$125M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • 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.
  • Yarych Confectionery — Yarych Confectionery operates as a packaged biscuits producer. Yarych Confectionery provides packaged biscuits market with its branded Maria, petit beurre and The Crackers biscuits.
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CRE Venture Capital
VC Fund · New York, New York, United States · 4 investments in Africa Renewable Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 63
  • Round size: Seed $300k–$5M; Pre-Seed $250k–$3.3M; Series A $1.1M–$25M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Flood — Flood is a marketplace platforms that provides merchant solution, self services and big data solution.
  • Letly — Letly is developing an AI‑driven platform for the rental property market that automates tasks related to managing rental listings and tenant interactions. It aims to use intelligent agents to handle tasks such as scheduling viewings, responding to inquiries, and optimizing property management workflows. The platform is currently in a waitlistphase, signaling ongoing development and private access only.
  • Cutstruct — Cutstruct is your one source for bulk construction materials purchase. Get the best prices for cement, steel, granite, sharp sand wood, and more.
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British International Investment
VC Fund · London, England, United Kingdom · 3 investments in Africa Renewable 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: 322
  • Round size: Series B $13M–$70M; Debt Financing $6.8M–$100M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • M-KOPA — M-KOPA provides connected asset financing solutions for underbanked customers. Its platform combines digital micropayments and IoT connectivity to offer access to products including solar lighting, televisions, fridges, smartphones, financial services, and more.
  • Liquid Intelligent Technologies — Liquid Intelligent Technologies, a business of Cassava Technologies is a pan-African technology group with capabilities across 14 countries, primarily in Sub-Saharan Africa.
  • Veritas Finance — Veritas Finance focuses on meeting the financial needs of the micro, small, and medium enterprises. Veritas Finance Private Limited is an organization started with the primary intention of reaching out to the customers who either have no access or inadequate access to financial services in the informal sector. 'Veritas' in Latin meanstruth. True to its name, Veritas is focused on making a true impact through inclusive access to financial services on the customers engaged in informal activities.The company is run by professionals with rich experience in the financial services industry that aims to make availing credit easy to this segment and make a positive impact on the lives of millions of Indians engaged in informal activities and who actually build the nation.
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Equator
VC Fund · Nairobi, Nairobi Area, Kenya · 3 investments in Africa Renewable 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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Factor E
VC Fund · Fort Collins, Colorado, United States · 3 investments in Africa Renewable 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–$1.3M
  • 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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Oikocredit International
VC Fund · Amersfoort, Utrecht, The Netherlands · 3 investments in Africa Renewable Energy startups

Invest in People with Oikocredit and use your money to create change. giving people opportunity to build better lives. Invest Now

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Series B $3.5M–$24M; Debt Financing $1.1M–$33M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Djamo — Djamo is a Provider of financial applications to allow customers to use their cards with zero fees in a wide range of services.
  • Prestamype — Prestamype was launched in 2017 with the aim of providing a broader access to funding to micro and small businesses, with better credit conditions. With its first product, a secured working capital loan with a real estate collateral, it has lent over USD 24 million to 750 Peruvian entrepreneurs (as of 1st of October 2021). In 2019, Prestamypelaunched its online FX platform called Cambio Seguro. In 2020, the company launched its digital factoring product. In 2021, INCA Ventures and Angel Ventures Peru (AVP), two leading funds in Peru, invested in the company.
  • Sindhuja Microcredit — Sindhuja Microcredit is a new generation digital and rural-focused Micro Finance Institution (MFI) providing financial services to the bottom of the pyramid self-employed women entrepreneurs.
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Alphamundi
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Africa Renewable 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: 22
  • Round size: Series A $10M–$12M; Series B $3.5M–$16M; Debt Financing $1.7M–$11M
  • Lead/follow: 27% lead, 73% 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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EcoEnterprises Fund
VC Fund · Costa Rica, Mato Grosso do Sul, Brazil · 2 investments in Africa Renewable 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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Access 48,091 investors

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

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Lion’s Head Global Partners
VC Fund · London, England, United Kingdom · 2 investments in Africa Renewable 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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Mani Kapital
VC Fund · 2 investments in Africa Renewable 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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At One Ventures
VC Fund · San Francisco, California, United States · 2 investments in Africa Renewable 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

  • Finless Foods — Discover sustainable, cell-cultured seafood alternatives like bluefin tuna at Finless Foods, committed to ocean health and responsible food innovation.
  • Blue Energy — Modular power plants for modular nuclear reactors
  • Colossal Biosciences — The science of genetics. The business of discovery.
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Blue Rinc Capital
VC Fund · 2 investments in Africa Renewable Energy startups

Blue Rinc Capital is an investment holding company focused on growth investments.

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Investment focus

  • Industry: PaaS, Energy, Renewable Energy
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rensource Energy — Rensource develops, finances, and manages critical energy infrastructure for African enterprises with the objective of powering Africa's economy
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Inspired Evolution Investment Management
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Africa Renewable Energy 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: 13
  • Round size: Series A $20M–$35M; Private Equity $20M–$60M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: May invest from a new fund soon — raised $178M in 2019

Portfolio highlights

  • SolarSaver — We provide customised rooftop solar PV solutions to corporate, industrial customers in Namibia & SA through its proprietary zero-capital financing model.
  • CrossBoundary — CrossBoundary Energy's renewable energy solutions help decarbonize enterprise by providing cleaner, cheaper and more reliable power.
  • Cold Solutions Kenya — We are a leading temperature-controlled warehouse and logistics service provider, a one stop shop for cold chain solutions.
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Global Partnerships
VC Fund · Seattle, Washington, United States · 2 investments in Africa Renewable 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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AXA Investment Managers
VC Fund · Puteaux, Ile-de-France, France · 2 investments in Africa Renewable Energy startups

Discover BNP Paribas Asset Management, an investment partner offering innovative asset management solutions to help clients achieve long-term financial goals.

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Investment focus

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

Investor stats

  • Total investments: 51
  • Round size: Series A $8M–$26M; Series B $16M–$100M; Series C $14M–$148M
  • Lead/follow: 59% lead, 41% 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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Lendahand
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 2 investments in Africa Renewable 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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Private Infrastructure Development Group
VC Fund · London, England, United Kingdom · 2 investments in Africa Renewable Energy startups

Private Infrastructure Development Group is an infrastructure development firm that offers finance and funds for economic growth.

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Grant, Debt Financing, Series C
  • Geography: Kenya, Zambia, Senegal

Investor stats

  • Total investments: 9
  • Round size: Grant $66k–$17M; Series C $50M–$50M; Debt Financing $2.5M–$20M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • SupaMoto — Supamoto is a social enterprise that aims to provide clean energy solutions. The company's main product is the Supamoto cookstove, a pellet gasifier stove designed for field testing in multiple African locations. This stove is part of the company's commitment to renewable home energy. Supamoto also offers opportunities for individuals toinvest in Zambia's renewable energy sector, further promoting the use of clean energy. The company has a significant impact on the renewable energy industry, as evidenced by its various campaigns and initiatives.
  • LOCA — Get Around Like a Local with LOCA
  • Sanivation — Delivering fecal sludge treatment plants and sanitation services to secondary cities and #refugeecamps in #Kenya. #socent #waste2fuel
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Social Investment Managers & Advisors
VC Fund · New York, New York, United States · 2 investments in Africa Renewable 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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ENGIE Rassembleurs d'Energies initiative
VC Fund · 2 investments in Africa Renewable Energy startups

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

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Investment focus

  • Industry: Solar, Energy, Software
  • 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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Opes Impact Fund
VC Fund · Milano, Lombardia, Italy · 2 investments in Africa Renewable 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:Venture - Series Unknown, Seed
  • 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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Metier Private Equity
VC Fund · Gauteng, NA - South Africa, South Africa · 2 investments in Africa Renewable Energy startups

Metier is a proven leader in the area of private equity, alternative assets and related advisory services. The company was founded in 2004 and raised, at the time, South Africa’s largest private equity fund in terms of third party local commitments. It has an established team which ranks amongst the largest and most experienced in the industry.Metier has a strong track record in private equity investing and selective M&A advice that confirms its leadership status.From inception, the company's Commerce Square offices were a reflection of the brand - open, welcoming, and independent of spirit. Seeking a return to a more personal format, Thierry, Anthony and Paul settled on the setting up of an independent and private firm to capture the next wave of growth in the private equity and dealadvising arena. They were joined by long-time legal colleague Malcolm Ball and now-Libstar director, Robin Smith.

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Investment focus

  • Industry: Retail, Fashion, Consumer
  • Stage:Private Equity, Seed
  • Geography: South Africa, Kenya, Nigeria

Investor stats

  • Total investments: 10
  • Round size: Private Equity $20M–$36M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Bisedge — Bisedge provides outsourcing solutions for material handling equipment including forklifts and other MHE, maintenance packages as well as the operators. Bisedge is offering this solution as a “Product-As-A-Service” for a monthly fee.
  • Vivica — Vivica is a holding company that harnesses the power of innovative technology and human intuition.
  • Stage Zero — Stage Zero provides sustainable energy solutions for homes and businesses in South Africa.
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Shell Foundation
VC Fund · London, England, United Kingdom · 2 investments in Africa Renewable 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, Financial Services, Solar
  • Stage:Grant, Seed, Debt Financing
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 30
  • Round size: Seed $790k–$1.7M; Grant $300k–$5.5M; Debt Financing $4.3M–$53M
  • Lead/follow: 37% lead, 63% 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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Sissili Limited
VC Fund · 2 investments in Africa Renewable Energy startups

Private Investment Company

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Investment focus

  • Industry: PaaS, Energy, Renewable Energy
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rensource Energy — Rensource develops, finances, and manages critical energy infrastructure for African enterprises with the objective of powering Africa's economy
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Persistent
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Africa Renewable Energy 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: 25
  • Round size: Seed $500k–$1.3M; Series A $1.1M–$10M
  • Lead/follow: 84% lead, 16% follow

Portfolio highlights

  • Dodai — Dodai manufactures and assembles the electric motorcycles.
  • EcoNetix — Leading Carbon Asset Manager for voluntary and compliance markets (CORISA, Art.6), we help companies reduce emissions, offset with high-integrity credits, and communicate impact.
  • Circadian Technologies GmbH — AI-driven VPP unlocking revenue for telecom towers.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Africa Renewable Energy startups, 7 in the past 12 months

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

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Nigeria, South Africa, United States

Investor stats

  • Total investments: 217
  • Round size: Seed $200k–$4M; Pre-Seed $200k–$1.8M; Venture - Series Unknown $200k–$500k
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Zazu — Zazu is a neobank for African SMEs, offering seamless banking tools, cash flow automation, and real-time insights. Zazu simplifies finance management in one all-in-one solution.
  • Fincart — Fincart is a leading shipping platform in Egypt, connecting your business with top courier services, automating operations, and helping you scale your eCommerce logistics.
  • Udu Technologies — Udu Technologies is an AI infrastructure company that offers GPU systems, AI platform integration, and technical support services.
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216 Capital
VC Fund · Tunis, Tunis, Tunisia · 2 investments in Africa Renewable Energy startups

Our DNA is rooted in a passionate belief in the potential of Africa, a relentless drive for innovation, and an unwavering commitment to impact. We are not just investors; we are builders of a better future, one investment at a time.

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Investment focus

  • Industry: B2B, SaaS, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Tunisia, France, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $336k–$1.5M; Pre-Seed $161k–$1M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Eyst Technology — EYST provides a technological solution against insurance fraud. The company is based in Puteaux, France.
  • Addvocate.ai — Transform your enterprise sales team with AI-native solutions. Get 10x productivity increase with automated meeting prep, deal tracking, and CRM updates.
  • Robocare — RoboCare promotes sustainable agriculture by combining spectral technology and artificial intelligence (AI). Precision agricultural services include crop monitoring, stress mitigation, plant requirements control, increased land efficiency, and pesticide optimization.
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Acumen
VC Fund · New York, New York, United States · 2 investments in Africa Renewable 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, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 186
  • Round size: Seed $300k–$2.5M; Series A $1.6M–$12M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $2.8M in 2019

Portfolio highlights

  • Sproxil — Sproxil is an information technology company that focuses on supply chains and consumer engagement. It specializes in brand protection, consumer engagement, anti-counterfeiting, product authentication, and consumer promotions. The company was founded in 2009 and headquartered in Cambridge, Massachusetts.
  • Orb Energy — Orb Energy is a vertically integrated solar company that manufactures solar panels, design, install, and services complete system, and finance C&I customers.
  • MindRight Health — MindRight Health is a tech startup that provides mental health coaching over text message to empower communities to heal from trauma
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Kiva
VC Fund · San Francisco, California, United States · 2 investments in Africa Renewable Energy startups

Kiva is the world's first online lending platform. For as little as $25 you can lend to an entrepreneur around the world. Learn more here.

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Investment focus

  • Industry: Energy, Agriculture, Renewable Energy
  • Stage:Debt Financing, Seed, Series A
  • Geography: Kenya, United States, Ghana

Investor stats

  • Total investments: 13
  • Round size: Debt Financing $15k–$18M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Nilus — Nilus is an impact-driven company that aims to eradicate malnutrition by applying technology to deliver affordable and healthy food to low income people. Nilus is creating a new value chain for the base of the pyramid, based on food rescue, disintermediation and inclusive design. Our vision is to become the largest and most impactful food companyin the Americas, by servicing the more than 360 million people living in poverty.
  • Ilara Health — Ilara Health helps primary care clinics across Africa deliver better care.
  • Let Me Snack — Let Me Snack offers gourmet snacks made from popped water lily seeds. Our healthy snacks are grain-free, vegan, with clean ingredients and no seed oils.
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Frankford Re
VC Fund · 2 investments in Africa Renewable Energy startups

Private Investment Holding Company

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Investment focus

  • Industry: PaaS, Energy, Renewable Energy
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 2
  • Round size: Seed $1.1M–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rensource Energy — Rensource develops, finances, and manages critical energy infrastructure for African enterprises with the objective of powering Africa's economy
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Africa Renewable Energy startups

Kepple Africa Ventures is an early-stage venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 84
  • Round size: Seed $500k–$4.5M; Pre-Seed $100k–$3.4M; Series A $1.1M–$23M
  • Lead/follow: 21% lead, 79% 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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EDFI Management Company
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Africa Renewable Energy startups

EDFI Management Company (EDFI MC) is a multilaterally owned impact asset manager which delivers innovative development finance solutions that enable European DFIs, development banks and private sector investors to increase the scale and impact of their work. The company focuses on business models, technologies and geographies where other investorshave not been able to operate at the desired scale given their resources and investment criteria. To learn more visit www.edfimc.eu.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Debt Financing, Series B, Venture - Series Unknown
  • Geography: Zambia, Benin, Ghana

Investor stats

  • Total investments: 10
  • Round size: Series B $7M–$15M; Debt Financing $3.3M–$9M; Venture - Series Unknown $2.6M–$4.2M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Sawa Energy — Sawa energy is an affordable, predictable solar electricity solution to power Rwandan businesses with clean and renewable energy.
  • Complete Farmer — Complete Farmer connects growers, buyers, and vendors with technology, support, and market access across Ghana and beyond.
  • Good Nature Agro — Their priority is to generate lasting income with small-scale farmers. They build local community leaders into qualified Private Extension Agents (PEAs) who oversee and train farmers throughout the growing season. They support PEAs to provide frequent trainings and personalized recommendations on how their growers can make their field healthier andmore productive. PEAs promote improved farm practices and deliver a farmer-friendly loan of seeds and additional inputs. At harvest, Good Nature is a guaranteed market for the certified legume seed that their growers produce. Choosing to produce these high-value crops over traditional cash crops - maize and cotton - more than doubles their income.
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Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 2 investments in Africa Renewable Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 68
  • Round size: Series A $1.7M–$24M; Series B $3.5M–$42M
  • Lead/follow: 47% lead, 53% 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.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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CoCapital
VC Fund · 2 investments in Africa Renewable 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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Finnfund
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Africa Renewable Energy startups

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

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Investment focus

  • Industry: Financial Services, Energy, FinTech
  • Stage:Debt Financing, Series B
  • Geography: Kenya, India, South Africa

Investor stats

  • Total investments: 68
  • Round size: Series B $5M–$41M; Debt Financing $2.7M–$135M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Mobisol — We transform lives through solar energy access. Our solar home systems and mini-grids benefit millions of people in Sub-Saharan Africa.
  • TPL Insurance — TPL Insurance is a Pakistan's first direct insurance company that take care of all insurance related matters.
  • Transvolt Mobility — Transvolt Mobility is an early-stage, technology-driven EV fleet operator, enabling India’s transition to sustainable, zero-emission transport by providing a scalable, multi-partner platform for commercial electric mobility across urban and industrial segments.
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InfraCo Africa
VC Fund · London, England, United Kingdom · 2 investments in Africa Renewable Energy startups

As of 1 August 2025, infracoafrica.com and infracoasia.com content has been moved over to pidg.org.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Seed, Series B
  • Geography: Kenya, India, France

Investor stats

  • Total investments: 13
  • Round size: Seed $1.5M–$3.4M; Series B $9M–$28M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Afresco — The next generation in commercial and industrial (C&I) energy for Africa
  • 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.
  • Mawingu Networks — Unlimited internet packages for your home and office. 24/7 customer support. Get connected today, starting from 2,500 per month!
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Energise Africa
VC Fund · Oxford, Oxfordshire, United Kingdom · 2 investments in Africa Renewable Energy startups

No longer using this platform, continue the conversation at @energiseafrica.bsky.social

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Investment focus

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

Investor stats

  • Total investments: 5
  • Round size: Debt Financing $200k–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Oolu — Oolu is the fastest growing off-grid solar company West Africa. Our Vision is to be the leading energy and financial service provider to millions of customers in the developing world.Our model, developed with local communities, allows us to reach off-grid households in rural villages offering them modern energy access. With a monthly paymentmodel reducing barriers to access, as well as maintenance, parts and battery replacements included in our service, we save our clients money and assure them a continuous, dependable source of energy. In Wolof, a national language of Senegal, Oolu means ‘trust’. By building trust with the communities in which we work, we can grow together.
  • Redavia — Solar In Ghana, REDAVIA provides clean and reliable energy to customers in sub-Saharan Africa. Affordable solar power for business in Ghana
  • Aptech Africa — Aptech Africa, a leading Solar Energy and Water Pump Specialist in Africa. We provide quality solar design and installation for small and large scale projects.
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DILA Capital
VC Fund · Mexico City, Distrito Federal, Mexico · 2 investments in Africa Renewable 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, Software
  • Stage:Seed, Series A
  • Geography: Mexico, United States, Spain

Investor stats

  • Total investments: 72
  • Round size: Seed $800k–$10M; Series A $2.3M–$25M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2021

Portfolio highlights

  • Boletia — Boletia helps event organizers to unleash the potential of online sales without needing technical or online marketing expertise. It does this with an easy-to-use platform and a straightforward process focused on early promotion efforts, beautiful event pages, and human-friendly analytics.
  • Fillip Fleet — Fillip is a digital fuel and expense management solution that gives businesses full control over vehicle-related spending. Fillip's modern payment platform allows businesses to fuel up anywhere, monitor purchases in real-time, and streamline bookkeeping - making operations more efficient and cost effective.
  • 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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Yuzuru Honda
Angel · 1 investments in Africa Renewable Energy startups

Yuzuru Honda is a Founder & Global CEO of FreakOut.

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Investment focus

  • Industry: Information Technology, SNS, Internet
  • Stage:Seed, Angel
  • Geography: Japan, Nigeria, Singapore

Investor stats

  • Total investments: 15
  • Round size: Seed $2.8M–$5.7M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • IVA — IVA ensures the safety of the market towards the threat of counterfeit goods.
  • Tyms — Tyms online accounting software for your business connects you to your bank, accountant, bookkeeper, and other business apps. Start a free trial today. Also available in Nigeria, Ghana, Mauritius and South Africa.
  • ForCreators — ForCreators is a company operating the virtual talent agency ‘NEXAS', with the goal of globalizing Japan's world-class culture such as anime and VTubers.
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The ASISA ESD Fund
VC Fund · 1 investments in Africa Renewable Energy startups

An Invetsment Fund.

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Investment focus

  • Industry: FinTech, Internet, InsurTech
  • Stage:Seed, Series B, Series A
  • Geography: South Africa

Investor stats

  • Total investments: 6
  • Round size: Series B $740k–$22M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Pineapple — In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following: 1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back 2) Making insuring as easy as snapping a picture where AI does the rest andcover is issued in under 60 seconds 3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to manyPineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride". They have also partnered with Travelers in the US and have white-labeled their platform in the US.
  • Aviro Health — We believe that empowering and supporting people to manage their own health benefits everybody.We built the Aviro Pocket Clinic to support self-care and provide access to services. We give people what they need to perform important health checks like regular HIV self-testing and connect them to experts and services who can offer hands-on and supported care when needed.
  • Ngobese And Associates — Ngobese And Associates is a Financial Services providing firm offering brokeraging, advisory and intermediary services.
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Proparco
VC Fund · Paris, Ile-de-France, France · 1 investments in Africa Renewable Energy startups

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

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Investment focus

  • Industry: Financial Services, Energy, Finance
  • Stage:Debt Financing, Private Equity
  • Geography: India, Kenya, Nigeria

Investor stats

  • Total investments: 136
  • Round size: Debt Financing $447k–$200M; Private Equity $10M–$60M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
  • Ecoener — Ecoener is a renewable energy company that develops, builds, operates, and maintains electricity generation projects based on clean energy sources. The company works across hydropower, wind, and solar photovoltaic technologies, managing the full lifecycle of energy facilities from early development and engineering to construction and long-termoperation. It also engages in energy commercialization activities that support the sale and distribution of electricity generated from its assets. Ecoener handles project planning, permitting, environmental assessment, and technical design as part of its infrastructure development process. The company operates and expands renewable energy plants across multiple international markets while integrating maintenance and operational management services for its facilities. It also participates in storage-related and hybrid energy projects that combine different renewable technologies to support grid stability and energy supply efficiency.
  • 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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GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Africa Renewable Energy startups

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

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Investment focus

  • Industry: Logistics, Information Technology, Retail
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Kenya, Nigeria, Morocco

Investor stats

  • Total investments: 24
  • Round size: Pre-Seed $50k–$1M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: May invest from a new fund soon — raised $1.2M in 2017

Portfolio highlights

  • 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.
  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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Satgana
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Africa Renewable Energy startups

Satgana is a global Climate Tech Venture Capital firm backing purpose-driven founders building a planet-positive future, in Europe and Africa.

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Investment focus

  • Industry: Electronics, B2B, Biotechnology
  • Stage:Pre-Seed, Seed
  • Geography: Kenya, France, Austria

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Voltiris — Unlock renewable energy in your greenhouse with Voltiris' spectral filtering technology.
  • NitroVolt — NitroVolt: the next generational step of sustainable ammonia.
  • Brineworks — Industry leading costs through cutting edge electrochemistry, and renewably powered intermittent operation
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VilCap Investments
VC Fund · San Francisco, California, United States · 1 investments in Africa Renewable 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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Helios Investment Partners
VC Fund · London, England, United Kingdom · 1 investments in Africa Renewable Energy startups

Bridging international capital and know-how with African talent and enterprise since 2004, Helios Investment Partners manages funds totalling c. $3 billion.

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Investment focus

  • Industry: Financial Services, Energy, Banking
  • Stage:Private Equity, Series A
  • Geography: Nigeria, United States, United Kingdom

Investor stats

  • Total investments: 53
  • Round size: Series A $4M–$39M; Private Equity $45M–$179M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Thunes — Founded in 2016, Thunes is a global B2B payment infrastructure platform that powers payments for the world’s fastest-growing businesses – from gig economy giants such as Uber and Deliveroo and Southeast Asia’s super-app Grab to global fintech leaders such as PayPal, Remitly, Finastra and Revolut. Through a single, simple connection, consumers andbusinesses can send payments to – and get paid in – every corner of the world. Thunes currently supports 80 currencies, enables payments to 132 countries and helps to accept 300 payment methods. In April 2022, Thunes acquired a controlling stake in a leading anti-money laundering and compliance platform company Tookitaki, which now enables the company’s advanced compliance, anti-fraud and anti-money laundering capabilities, setting an international benchmark for sustainable compliance. The company is headquartered in Singapore, with regional offices in London, Paris, Shanghai, Beijing, Dubai, Hong Kong, Barcelona, Miami and Nairobi. Current investors include Visa, EDBI, Endeavor Catalyst, Marshall Wace, Bessemer Venture Partners, 01Fintech, Future Shape, Insight Partners, Checkout.com, Helios Investment Partners and GGV Capital. For more information, visit www.thunes.com
  • SeamlessHR — Africa's Leading HR & Payroll Software - Empowering African Businesses for Productivity and Profitability Through Technology.
  • SUN Mobility — Sun Mobility is a leading provider of universal energy infrastructure and services to accelerate mass electric vehicle usage.
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Secha Capital Partners
VC Fund · 1 investments in Africa Renewable Energy startups

South African Impact Investing firm focusing the FMCG and Agribusiness Sectors

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Investment focus

  • Industry: Health Care, Manufacturing, Beauty
  • Stage:Private Equity, Venture - Series Unknown, Seed
  • Geography: South Africa, The Netherlands

Investor stats

  • Total investments: 7
  • Lead/follow: 86% lead, 14% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2020

Portfolio highlights

  • 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.
  • Nativechild — Affordable Natural Hair Products COLD PRESSED Castor Oil FOOD Grade oils. Chemical, Paraben, artificial fragrance FREE https://t.co/Zb3e2DEWxQ
  • Barracuda Holdings — Barracuda Holdings (Pty) Ltd. is an owner-driven company established in 2010 by the founding partners, each of whom has over 20 years of experience. Barracuda Holdings provides manufacturing expertise across multiple sectors, including Automotive accessories, diagnostic tools, and fleet management.
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F6 Ventures
VC Fund · Tunis, Tunis, Tunisia · 1 investments in Africa Renewable Energy startups

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

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Investment focus

  • Industry: E-Commerce, Information Technology, Retail
  • Stage:Seed, Pre-Seed
  • Geography: Tunisia, France

Investor stats

  • Total investments: 62
  • Round size: Seed $72k–$200k; Pre-Seed $62k–$100k
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2019

Portfolio highlights

  • WaterSec — WaterSec is a manufacturer of internet of things devices intended to communicate with gateways and send water usage data to application dashboards. They enable the customer to keep track of their water consumption. The monitoring of consumption was the solution to initiate the project. The water consumption and an optimized water-use efficiencyratio of all citizens and businesses.
  • True Delta — True Delta is a data management and processing company. They are document recognition and data reconciliation processes. They offer data extraction from documents using ocr techniques, fast onboarding and data integration,and efficient data reconciliation with intelligent matching tools and less coding .
  • Bako Motors SAS — Bako Motors SAS is a motor vehicle manufacturing company that develops solar electric vehicles. manufacturer of electric vehicles with the goal of creating long-term fixes for rural areas' transportation issues with regard to people, cargo, and machinery. The business makes electric cars as well as solutions for clean energy generation andstorage that are infinitely scalable, providing users with inexpensive and environmentally friendly e-mobility.
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Investo
VC Fund · Mexico City, Distrito Federal, Mexico · 1 investments in Africa Renewable Energy startups

Lovable Generated Project

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Investment focus

  • Industry: E-Commerce, Financial Services, Internet
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Mexico, Chile

Investor stats

  • Total investments: 66
  • Round size: Seed $125k–$5M; Pre-Seed $120k–$1.5M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $100k in 2012

Portfolio highlights

  • Cuéntame — Cuéntame develops tools designed for employees' emotional wellbeing.
  • Holacasa — Holacasa te ayuda a conseguir tu hipoteca, comparando +11 bancos. Sin costo ni compromiso.
  • Cometa — Cometa provides technological and financial tools to increase access to quality education in Mexico and Latin America. Take off with the most recent developments in school administration. Maintain complete control over your reconciliation, billing, and operations.
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Ambo Ventures
VC Fund · 1 investments in Africa Renewable Energy startups

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

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Investment focus

  • Industry: Automotive, Electronics, Biotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Egypt, Kenya

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Roam — The Standard for Electric Mobility in Africa.
  • Natrify — Natrify provides sustainable solutions for the bioplastic industry through biotechnology. It utilizes microorganisms to assist plastic using businesses diminish their negative environmental impact by providing them with packaging that is naturally biodegradable
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