Catalyst Fund, a pre-seed venture capital (VC) fund and accelerator, has invested in six African climate technology startups in the past four months and announced the first close of the US$40 million fund in September.
catalyst fund is a pre-seed VC fund and accelerator that supports high-impact technology startups that aim to improve the resilience of underserved and climate-vulnerable communities. We partner with mission-driven founders who share our vision of a world where every individual has the tools and opportunities they need to succeed.
Until a year ago, the organization provided grants to selected startups, but in January 2023, Invested USD 2 million in 10 startups Funded by a US$30 million fund supported by the Financial Sector Development Authority FSD Africa.
Catalyst Fund, which focuses on startups building solutions that improve the resilience of climate-vulnerable communities in Africa, launched the Successful first close of fund with target of USD 40 millionmore than 20 percent are committed.
The fund provides US$100,000 in equity investment and US$100,000 in hands-on venture building support and has since announced six investments. In November, it announced an investment in. Torbi, a pan-African climate agritech startup that uses satellite imagery and AI to leverage data to enable climate-smart agricultural practices on the African continent.and Nord Nationis an Egyptian startup that provides customized distributed solar energy and water solutions for agricultural businesses and underserved communities.
In December, he supported South Africa. TigerDemocratize access to certification, liberate small and medium-sized businesses to promote climate resilience and food safety, and transform compliance from an obstacle to an opportunity.
And in January, it gave money to Nigeria. zebra crop bank, provides climate-smart solutions tailored to overcome the interrelated challenges holding back smallholder farmers.and of nigeria Scrapazea waste management startup that allows individuals and small businesses to set up mini waste businesses.
And just last week, it announced an investment in Tanzania. medicareThis will increase access to affordable preventive and primary care, diagnostics and compliance support for overlooked Tanzanians, and help vulnerable populations protect their well-being in the face of growing threats. You will be able to do it.
Catalyst Fund's climate-focused fund has significant support from investors including FSD Africa, FSDAi, Cisco Foundation, USAID Prosper Africa, and experienced tech investor Andrew Bredenkamp.