Kenya-based VC firm Factor[e]Ventures has launched Delta40, a new venture studio that aims to increase incomes and tackle climate change in Africa by building and investing in technology ventures. Delta40 focuses on technology-driven energy, agriculture, and mobility ventures led by diverse, experienced founders. In addition to capital, Delta40 acts as a co-founder, providing fast, iterative product testing, technology brokering, early-stage commercialization, and working side-by-side to increase the speed of venture building.
Factor[e]Ventures invests in and supports early-stage technology companies working in energy, agriculture, water, and mobility in emerging markets, and its new venture studio Delta40, which will be based in Kenya with operations in Nigeria, will work side-by-side with African and female founders to develop and scale disruptive innovation to increase incomes and tackle climate change. The venture studio secured early funding and strategic support from Autodesk Foundation and the Global Energy Alliance for People and Planet (GEAPP), a collective action platform partnered with The Rockefeller Foundation, IKEA Foundation, and Bezos Earth Fund, leading climate tech law firm Wilson Sonisi, as well as government, private sector, and finance institutions.