Spotlight // Report

Build, Commercialise, Grow: A Playbook for Financing ClimateTech in Africa

In 2024, ClimateTech ventures captured one-third of all startup funding in Africa. Yet, much of the capital is concentrated in a few deals, across a few sub-themes, and just a handful of markets. This concentration highlights a deeper truth within Africa’s ClimateTech venture space:  ClimateTech ventures require funding approaches that differ from traditional VC models, yet practical guidance is lacking. As a result, many ventures, especially science-based, women-led, or locally founded ones, face early-stage funding gaps, not due to quality, but because of a lack of knowledge on how to deploy, coordinate, and align funding strategies.

"Build, Commercialise, Grow"is a ClimateTech financing playbook funded by the GIZ Spark programme and implemented by Briter Bridges in partnership with Ventures 54…

Briter, Ventures 54, GIZ Spark, Global Gateway

August 1st, 2025

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Latest funding rounds captured

Lime Consumer Finance (Egypt) raised $9.4m

from First Abu Dhabi Bank (FAB)

iKhokha (Acquired by Nedbank) (South Africa) raised $93.3m

from Nedbank

HoneyCoin (Kenya) raised $4.9m

from undisclosed investors

Chowdeck (Nigeria) raised $9.0m

from undisclosed investors

Chowdeck (Nigeria) raised $9.0m

from undisclosed investors

TurnStay raised $2.0m

from undisclosed investors

Suplyd (Egypt) raised $2.0m

from undisclosed investors

Breadfast (Egypt) raised $10.0m

from European Bank for Reconstruction and Development (EBRD), Novastar Ventures

Sportable raised $1.0m

from HAVAIC

Sun King (formerly Greenlight Planet) (United States of America) raised $156.0m

from undisclosed investors

Most funded companies

1.

Sun King (formerly Greenlight Planet) United States of America, 22 deals captured

$1.3b

2.

Jumia Nigeria, 11 deals captured

$1.2b

3.

Zepz( Former WorldRemit) United Kingdom, 8 deals captured

$1.1b

4.

MNT-Halan Egypt, 11 deals captured

$1.0b

5.

Crusoe United States of America, 4 deals captured

$833.0m

6.

Zipline , 4 deals captured

$795.0m

7.

TymeBank South Africa, 10 deals captured

$675.6m

8.

OPay , 3 deals captured

$570.0m

9.

Frontier Car Group (Olx) Germany, 5 deals captured

$569.0m

10.

Instadeep United Kingdom, 3 deals captured

$547.0m

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