Key Developments
E3 Capital and Lion’s Head Climate Fund secure $48M to empower climate-focused startups in Africa
The two firms have joined forces to bridge the funding gap and support promising startups addressing climate change challenges in Africa. The joint funding initiative will provide capital and mentorship, networking opportunities, and strategic guidance to the selected startups. This comprehensive approach aims to support entrepreneurs throughout their journey, from early-stage development to scaling their solutions, ensuring long-term impact and sustainable growth.
With the successful first close at $48 million, E3 Capital and Lion’s Head Climate Fund are poised to become key players in Africa’s climate innovation landscape, driving positive change and inspiring new entrepreneurs to tackle the continent’s pressing environmental challenges. The fund is being financed by several development finance institutions, including the @Netherlands Development Finance Company (FMO), Swedfund International, Proparco, the private sector financing arm of the French Development Agency (AFD) and Kreditanstalt für Wiederaufbau (KfW), the German development agency.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
You may also like...
US Firm Sultan Ventures Expands to Africa With Acquisition of Egypt’s Acasia Group
Acasia Group, a prominent multi-incubator operator and angel investment syndicate in Egypt, has been acquired by Sultan Ventures, a US-based venture firm.
Nigerian Automaker Innoson Unveils First Locally Produced Electric Vehicle in Nigeria
Nigerian automaker Innoson Vehicle Manufacturing Company (IVM) has made a significant stride in the country’s automotive industry with the unveiling of its first locally produced electric vehicle.
AfriLabs Welcomes 18 New Hubs, Expanding Network to 496 Across Africa
AfriLabs, the leading network of technology and innovation hubs in Africa, has announced the addition of 18 new hubs to its community.