Equator, a venture capital firm with operations in Kenya and the UK, has closed a $55 million fund to support early-stage climate tech startups across sub-Saharan Africa. It plans to bridge the funding gap for innovative businesses tackling climate-related challenges, offering much-needed capital to scale impactful solutions.
The fund aims to invest in around 15 companies, providing between $750,000 and $2 million per startup. Its focus is on renewable energy, agriculture, and sustainable mobility.
Backed by institutions like the International Finance Corporation (IFC), British International Investment (BII), and France’s Proparco, the fund targets scalable business-to-business (B2B) solutions and hardware innovations. Equator has already invested in six companies, including Kenya-based electric motorcycle manufacturer Roam and solar-powered irrigation provider SunCulture.
By bridging Africa’s climate funding gap, Equator seeks to attract more private capital, reduce reliance on aid, and drive sustainable economic growth.
Nijhad Jamal, Managing Partner at Equator, said:
More than ever, we need to invest in technology and scalable ventures that tackle fundamental climate challenges. These investments will help reduce dependence on aid and instead bring more global private capital into the region.
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