September 6

Catalyst Fund Reaches First Close to Back Climate-Tech Startups in Africa

By Annie Njanja

The Catalyst Fund has reached the first close of its $40 million fund intended for investment in climate startups in Africa. The fund announced today an initial close of $8.6 million with the backing of FSD Africa Investments (FSDAi), Cisco Foundation, USAID Prosper Africa and tech investor Andrew Bredenkamp.

Photo courtesy of Kristian Niemi.

Source: Tech Crunch (link opens in a new window)

Environment, Technology
climate change, startups, venture capital