Kenyan climate tech startup Amini has raised $2 million in a pre-seed funding round to address Africa's environmental data gap using AI and satellite technology. The funding round was led by European venture capital firm Pale Blue Dot, with participation from Superorganism, RaliCap, W3i, Emurgo Kepple Ventures, and a network of angel investors. Amini aims to tackle the lack of reliable environmental data in Africa by aggregating and processing data from various sources, including satellites, weather data, sensors, and customer data. The platform provides granular insights to farmers, helps organizations understand the impact of natural disasters, and supports supply chain monitoring. Amini's customers include corporations and multinationals in the agricultural insurance sector and supply chain monitoring. The startup plans to expand its customer base to include food and beverage companies and insurance companies globally. Amini's scalable platform enables clients to access data transparency, understand carbon emissions, and address supply chain issues in Africa. The company faces competition from geospatial companies, but Amini offers a more cost-effective alternative. The investment in Amini reflects the growing interest in climate tech startups in Africa, with over $860 million in equity funding raised by the continent's climate tech startups in 2022.
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