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Catalyst fund close $40M fund to propel climate innovation in Africa

Catalyst fund close $40M fund to propel climate innovation in Africa

#venture capital
#climate and sustainability
#investments
#funding
#climate-tech
Today, the Catalyst Fund, a pioneering pre-seed venture capital fund and accelerator focused on driving climate resilience innovation in Africa, proudly announces the successful first closing with over 20% of its targeted US$40 million fund closed.

The Catalyst Fund, a climate tech pre-seed venture capital fund and accelerator in Africa, has successfully closed over 20% of its targeted $40 million fund. This funding milestone reflects its strong commitment to supporting early-stage startups focused on climate resilience innovation in Africa. Notable investors include FSD Africa, FSDAi, Cisco Foundation, USAID Prosper Africa, and tech investor Andrew Bredenkamp. The fund concentrates on areas such as agtech, fishery management, food systems, insurtech, and climate fintech, with the aim of expediting sustainable green growth. It plans to back 40 pre-seed startups, with a focus on local and women founders, offering them early-stage capital and tailored venture building support. This initiative positions the Catalyst Fund to facilitate climate innovation and resilience in Africa.


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