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 and guided by an advisory group of ClimateTech venture experts. Grounded in data and expert insights, the playbook offers practical guidance for deploying capital to ClimateTech ventures through a framework that outlines how to approach different ClimateTech archetypes across various stages of development, helping funders assess investment readiness and align the right capital instruments at the right time.
To complement the playbook, we have also developed a directory of ClimateTech-focused funds active across Africa to support funders and founders in navigating the evolving capital landscape.
Access the funds directory here.
The playbook will be a key tool for the newly launched Joint Innovation Facility, which aims to accelerate digital transformation and the green transition across Africa and Europe. It forms part of a wider effort by the African European Digital Innovation Bridge (AEDIB) 2.0, co-funded by the European Union (EU) and EU Member States and jointly implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and HAUS.
Brought to you by Briter, Ventures 54, GIZ Spark, Global Gateway