Holocene Closes USD 3 M Climate Tech Fund For Southern Africa

Climate-focused venture capital firm Holocene has announced the final close of its USD 3 M Holocene Ventures Fund I (HVF1), described as Southern Africa’s first dedicated high-growth climate tech fund.

Founded by Josh Romisher, Holocene invests in early-stage climate technology startups across the region, combining capital with hands-on operational support. Over the past 18 months, HVF1 has backed 10 startups, helped create more than 500 jobs, achieved a 2x markup on invested capital, and attracted USD 8.00 in follow-on funding for every USD 1.00 invested.

Portfolio companies include FARO, a circular economy startup, South African e-mobility company ScootHero, and Ugandan EV infrastructure provider Yongeza. With the fund now fully closed, Holocene will focus on scaling portfolio companies and driving long-term climate and financial returns.