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

July 30th, 2025

Latest funding rounds captured

Liquify (United Kingdom) raised $1.5m

from undisclosed investors

Complete Farmer (Ghana) raised $2.5m

from EDFI AgriFI

Peach Cars (Kenya) raised $11.0m

from undisclosed investors

Wetility raised $27.8m

from Jaltech Fund Management

Open Access Energy (OAE) (South Africa) raised $1.8m

from undisclosed investors

Kera Health Platforms (Senegal) raised $10.0m

from International Finance Corporation (IFC)

Octane (Egypt) raised $5.2m

from undisclosed investors

My Next Car (MNC) (South Africa) raised $10.0m

from undisclosed investors

WeThinkCode (South Africa) raised $2.0m

from Google.org

Mariseth Farms (Ghana) raised $1.0m

from RDF Ghana LBG, ABSA Bank Ghana

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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