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.