$70m climate fund with a venture-building facility attached
Persistent's Africa Climate Venture Fund reached a US$52 million first close against a US$70 million target, backed by FSD Africa Investments, the Nordic Development Fund, the African Development Bank's SEFA programme, JICA and the Soros Economic Development Fund. It invests from pre-seed through Series A in energy, agriculture and resource transition, and runs a separate US$5 million venture-building facility that puts operational help alongside the cheque.
Use when
You are building in energy, agriculture or resource transition and want an investor that will do operational work with you, not only fund you.
Skip when
Your company has no climate or energy transition angle. This is a thematic fund and the theme is the mandate, not a preference.
Status (24 Sep 2026): first close US$52 million against a US$70 million target, announced March 2026, plus a US$5 million venture-building facility. Pre-seed through Series A with follow-on reserved. Reported ticket sizes vary by source between roughly US$100,000 and US$2 million, so treat the range as indicative and confirm directly.
Alternatives
