New Investments

Cleantech Investor Gaia Impact Raises New $42M Fund to Invest in African Startups

Gaia Impact, a cleantech investment firm focused on Africa, has raised a new $42 million fund to support early-stage startups developing sustainable solutions for the continent.
 
Gaia Energy Impact Fund II had the backing of Schneider Electric, Capital Croissance, and Investisseurs & Partenaires – I&P.

The fund will be used to invest in startups that are developing innovative solutions to Africa’s most pressing environmental and social challenges.
 
These include climate change, energy access, water scarcity, and pollution. The fund will also focus on supporting startups led by women and entrepreneurs from underrepresented groups.

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.
 
The growth of the African cleantech sector is being driven by a number of factors, including the continent’s rapid urbanization, its growing population, and its abundant natural resources.
 
Africa is also home to some of the world’s most pressing environmental and social challenges, making the continent one of the most vulnerable to the effects of climate change.

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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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