New Investments
Cleantech Investor Gaia Impact Raises New $42M Fund to Invest in African Startups
The fund will be used to invest in startups that are developing innovative solutions to Africa’s most pressing environmental and social challenges.
Gaia Impact’s portfolio of companies includes several successful African startups, such as M-KOPA Solar, a solar energy company that provides pay-as-you-go solar systems to households in East Africa, and Afribon, a waste management company that converts organic waste into biogas and fertilizer.
The fund comes when there is growing investor interest in African cleantech startups.
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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
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