$55M Boost for Africa’s Green Startups

March 12, 2025 • Estimated Reading Time: 2 minutes

Key Figures & Findings: Equator, a climate-tech venture capital firm, has successfully closed a $55 million fund to support early-stage climate-tech startups in Africa. The investment will target the energy, agriculture, and mobility sectors, focusing on sustainable development and climate resilience. Portfolio companies include SunCulture, Roam, and Apollo Agriculture, which address critical environmental and economic challenges. Major backers include British International Investment (BII), Proparco, IFC, Shell Foundation, and the Global Energy Alliance for People and Planet.

Statistics & Insights: Africa's climate finance flows increased by 48% to $43.7 billion in 2021/22, but this remains far below the $3 trillion needed by 2030. Equator's investments in solar irrigation, electric mobility, and agritech will help bridge the climate funding gap for sustainable growth.

Future Implications: The fund could catalyze more private-sector investment into Africa’s green economy, particularly in renewable energy and sustainable agriculture. If successful, these climate tech startups could help accelerate Africa’s transition to a low-carbon future by 2030.