The Empower Africa Business Platform is Now Live !!!
EchoVC, a leading pan-African venture capital firm dedicated to empowering underrepresented founders and underserved markets, has announced the launch of its latest pre-seed fund, EchoVC Eco Pilot Fund I.
This $2.5 million fund will focus on identifying and investing in the most promising early-stage startups with innovative solutions for climate, energy, and agriculture.
EchoVC, driven by the vision to become the Sequoia Capital for underestimated founders and markets, has established its presence with offices in Lagos, Nairobi, New York, and London.
The firm currently has a portfolio of nearly seventy companies, spanning a diverse range of sectors, including smart planet, healthcare, education, agriculture, climate, energy, AI, financial services, mobility, commerce, media, and connectivity.
The EchoVC Eco Pilot Fund I is designed to serve as a catalyst for very-early-stage enterprise development and innovation in climate, energy, and agriculture.
By targeting these critical sectors, the fund aims to foster sustainable solutions that not only address environmental challenges but also empower communities and contribute to an income uplift for all.
Through this pre-seed fund, EchoVC intends to identify and support the most promising startups with the potential to revolutionize climate, energy, and agriculture.
The firm’s investment strategy will focus on early-stage ventures that are poised to disrupt traditional industries and propel sustainable development across Africa and beyond.
“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.
Benin is moving forward with a major renewable energy initiative through a partnership between Axian Energy, a pan-African developer, and Sika Capital Bénin.
The strategic funding is set to accelerate Money Fellows’ mission of transforming traditional savings and credit associations through its innovative tech-driven platform.
Nucleon Security, a cybersecurity firm founded in 2019, has successfully secured €3 million (about US$3.5 million) in seed‐stage funding.