As stage-agnostic investors with a combined network of local and global connections, we bring a disruptive approach to investing at the technology intersection of consumer, media, data, & devices and leverage knowledge transfer from Silicon Valley as a driver to seed growth across borders.
Portfolio Focus
Asset class
Early-Stage Venture Capital (Seed, Series A)
Impact theme
Climate & Environmental Sustainability
Climate Adaptation & Resilience
Clean & Renewable Energy
Regenerative & Sustainable Agriculture
Investment geographies
Africa
Key people
Eghosa Omoigui
founder and Managing General Partner
Fund I
Raised: $2.5 millionUS
Asset class:Early-Stage Venture Capital (Seed, Series A)
The majority of venture funding in Africa flows to ventures led by non-African founders, according to EchoVC. The venture capital fund is raising a $30 million to $40 million fund for early-stage climate tech ventures led by African entrepreneurs.
The firm’s goal is to not only nurture the continent’s homegrown entrepreneurial talent, but seed the pipeline of local climate tech ventures to meet the interest of larger climate investors’ looking for opportunities in Africa.
The firm intends to be a first institutional investor for startups in green and climate resilient energy, agriculture and transportation.
“As we see more mid-sized and large funds coming to market to back climate and energy startups, we have struggled to find any that are set up to take first money risk or do the company-building work required to help kickstart the companies that will later be candidates for investment by these funds,” said EchoVC’s Taiwo Kamson. “The continent needs these pre-seed stage companies to create and deploy the solutions necessary to meet market demand and enable climate-resilient economies.”
It will ink equity checks and convertible notes of up to $400,000.
EchoVC closed $2.5 million for a pilot fund in November, securing backing from the Shell Foundation and the UK’s Foreign, Commonwealth and Development Office, or FCDO.
