DFIs and foundations push African climate VC to first close
Tuesday, March 17, 2026 · first reported by New Private Markets
A Mauritius-based climate technology investment firm has closed $52 million toward a $70 million target at its first close, with anchor investments from FSD Africa, the Nordic Development Fund, and the African Development Bank. The fund focuses on climate tech deployment across Africa.
- Firm
- FSD Africa
- Also named
- Nordic Development Fund, African Development Bank
- Size
- $52M
- Stage
- First close
- Asset class
- Venture
- Geography
- Africa
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