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Grants, VC funds, accelerators, and competitions for African entrepreneurs.
Grants, VC funds, accelerators, and competitions for African entrepreneurs.
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$64 million fund
Spark+ Africa Fund provides debt and mezzanine capital to for-profit companies at growth and scale stage. It focuses on distributed clean cooking energy solutions for the mass market in sub-Saharan Africa, including LPG, biofuels, electric appliances, and efficient biomass stoves. The fund also backs businesses across these value chains, such as utilities, manufacturers, fuel producers and distributors, and financing or distribution intermediaries. Existing data indicates a typical ticket size of $100k-$2M, and the fund size is listed as $64 million.
Debt and mezzanine capital financing
Spark+ Africa Fund finances companies through debt and mezzanine capital.
Clean cooking energy solutions
The fund invests in next-generation, distributed clean cooking energy solutions for the mass market in sub-Saharan Africa.
Cooking fuel value chains
The fund invests in leading companies throughout the value chains of liquified petroleum gas (LPG), biofuels such as bio-ethanol and wood pellets, electric appliances, and efficient biomass stoves.
Targeted investments
Targeted investments include next-gen cooking energy utilities, product designers and manufacturers, fuel producers and distributors, and financing and distribution intermediaries.
Scalable climate and energy businesses
Board seat, investor network, follow-on funding support, strategic guidance
Verify fund is actively deploying. Check portfolio for sector overlap. Ask about follow-on reserves.
Applicants should show how their business serves the mass market in sub-Saharan Africa and where it fits in the clean cooking value chain. Be clear about your growth or scale stage, for-profit structure, and how a $100k-$2M debt or mezzanine investment would be used.
2020
Active Since
Yes
Deploying
Multiple portfolio companies