Spotlight // Report

Build, commercialise, grow: a playbook for financing climate ventures 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…

Briter, Ventures 54, GIZ Spark, Global Gateway

June 19th, 2025

Latest funding rounds captured

WeThinkCode (South Africa) raised $2.0m

from Google.org

Nile.ag (South Africa) raised $11.3m

from Cathay Innovation, Dutch Entrepreneurial Investment Bank (FMO)

ARC-Ride (United Kingdom) raised $5.0m

from British International Investment (formerly CDC Group)

Qardy (Egypt) raised $23.0m

from Catalyst Partners

Sylndr raised $15.7m

from undisclosed investors

Sun King (formerly Greenlight Planet) (United States of America) raised $80.0m

from Stanbic IBTC, International Finance Corporation (IFC)

Mariseth Farms (Ghana) raised $560.0k

from SEFAA by Sahel Capital

Aura (South Africa) raised $15.0m

from Partech Partners, Cathay Innovation

BURN Manufacturing (Kenya) raised $5.0m

from EDFI ElectriFI

Nawy raised $52.0m

from undisclosed investors

Most funded companies

1.

Jumia Nigeria, 11 deals captured

$1.2b

2.

Zepz( Former WorldRemit) United Kingdom, 8 deals captured

$1.1b

3.

MNT-Halan Egypt, 11 deals captured

$1.0b

4.

Sun King (formerly Greenlight Planet) United States of America, 20 deals captured

$961.8m

5.

Zipline , 4 deals captured

$795.0m

6.

TymeBank South Africa, 10 deals captured

$675.6m

7.

OPay , 3 deals captured

$570.0m

8.

Frontier Car Group (Olx) Germany, 4 deals captured

$569.0m

9.

Instadeep United Kingdom, 3 deals captured

$547.0m

10.

M-Kopa Kenya, 23 deals captured

$542.2m

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