Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced investments totalling US$1.8 million in nine early-stage climate tech startups across Africa, taking its total portfolio to 19 companies driving climate adaptation and resilience on the continent. Catalyst Fund is a pre-seed VC fund and accelerator backing high-impact tech startups that seek to improve the resilience of underserved, climate-vulnerable communities. Disrupt Africa revealed six of those earlier this week – Tolbi, NoorNation, Thola, Zebra CropBank, Scrapays, and Medikea – and Catalyst Fund has now confirmed those and three more. This marks Catalyst Fund’s second round of investments focused explicitly on startups building resilience to climate change on the African continent. “We are thrilled to invest in these nine new ventures bringing innovative climate-smart solutions to the communities that need them most,” said Maelis Carraro, managing partner at Catalyst Fund.


Source:   The North Africa Journal
February 16, 2024 15:10 UTC