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Equator closes $55M fund to bring more private capital to African climate tech

TechCrunch LogoTechCrunch1d ago

Equator closes $55M fund to bring more private capital to African climate tech - TechCrunch

Quick Summary:

Listing examples of such solutions, Jamal pointed to electric vehicles that cost less than fuel-powered ones; climate insurance that accurately covers extreme weather; or AI-powered logistics optimization for businesses.

Equator plans to invest the fund in 15 to 18 startups, writing $750,000 to $1 million checks for companies at the Seed stage, and $2 million for those at Series A.

When we covered the firm in 2023 after it had reached the first close for this fund, Jamal stressed the importance of backing technical founders building in the energy, agriculture and mobility sectors.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 09:10:07 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 970 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26886948

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