December 1

EchoVC Has a $2.5 Million Fund and It’s Not for Fintech Startups

By Abraham Augustine

EchoVC, one of Nigeria’s oldest indigenous venture capital firms, wants to seed early-stage energy, agri-tech and climate-tech startups, two years after it co-led the $85 million series B of Gro-Intelligence, the US-based climate and agri-commodity startup.

The ‘pilot’ $2.5M fund will focus on companies building solutions that boost agricultural productivity, help farmers access new markets and bring new cooling and energy storage technologies to the market. Kenya and Nigeria get a special deal where EchoVC will look to back electric 2 and 3-wheelers.

Source: TechCabal (link opens in a new window)

Agriculture, Transportation
agtech, climate change, electric vehicles, startups