Catalyst Fund Invests USD 1.8 M In Nine African Climate Tech Startups

The Catalyst Fund today announced an investment of USD 1.8 M in 9 early-stage climate tech startups across Africa. This brings their total portfolio to 19 companies driving climate adaptation and resilience on the continent across 8 different markets: Kenya, Egypt, Morocco, Nigeria, Senegal, South Africa, Tanzania, and Uganda.

The startups mark the Catalyst Fund’s second round of investments focused explicitly on startups building resilience to climate change on the African continent. The new ventures in their portfolio tackle pressing climate-related challenges across agriculture, healthcare, energy access, and waste management.

The nine new companies to receive investment are; Earthbond, Nigeria: One-stop-shop for SMEs that need financing for reliable solar energy; Keep It Cool, Kenya: Solar cold chain solutions and e-commerce platform for the white meat value chain; Mazao Hub, Tanzania: AI-powered end-to-end farm management software and soil
testing services for small-holder farmers; Medikea, Tanzania: Virtual and in-person healthcare services building resilience toclimate-related health shocks; NoorNation, Egypt: Solar energy and water desalination solutions for farmers and rural communities; Scrapays, Nigeria: Digital waste collection solution for small businesses; Thola, South Africa: Unlocking compliance automation for food and agriculture value chains; Tolbi, Senegal: Satellite data and analytics solutions to support climate-smart agricultural practices; Zebra Cropbank, Nigeria: Solar-powered micro-warehousing and trading solution for farmers.

With each investment, the companies will receive bespoke venture building provided by the Catalyst Fund team of experts and operators who become extensions of the startups’ teams.