Equator, a venture capital firm focused on climate technology investments in Sub-Saharan Africa, has announced the final closing of its first fund at $55 million (€50 million).
This follows recent commitments from the International Finance Corporation (IFC) and the French development institution Proparco.
The fund had achieved an initial closing of $40 million in 2023, with notable investors including British International Investment, the Global Energy Alliance for People and Planet (GEAPP), Shell Foundation, and DOEN Participaties, the social investment arm of the Doen Foundation.
The fund supports early-stage and Series A technology-driven startups in the energy, agriculture, and mobility sectors, providing much-needed capital and support in a region vulnerable to the worst impacts of climate change.
Equator has offices in London, Nairobi, Lagos, and Colorado, where it collaborates closely with its sister organization, Factor[e], on deal sourcing, due diligence, and scaling portfolio companies.
