startups
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NEWS
Clean Energy Dominates Kenya Venture Capital in 2025
Venture capital tends to carry a story about expansion. More deals, more founders, more ideas entering the market. Yet the numbers coming out of Kenya’s startup ecosystem in 2025 tell a more complicated story, one where funding grew in volume while narrowing in reach. Out of Sh141 billion raised by Kenya-based startups last year, Sh98.5 billion flowed into four companies.…
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STARTUPS
Sun King raises $40m to accelerate off-grid solar expansion across Africa
Sun King, the world’s leading off-grid solar energy company, has secured $40 million in equity financing from the global sustainable investment platform Lightrock to accelerate its expansion across Africa and Asia. The investment is designed to bolster Sun King’s decentralized energy systems and drive the development of high-capacity products for underserved households and businesses. For nearly two decades, Sun King…
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MOBILITY
EIB Invests €25m in German Startup Trailer Dynamics
The European Investment Bank (EIB), is investing €25 million in German startup Trailer Dynamics, a pioneer in trailer electrification technology. This funding will accelerate the company’s scaleup, production, and market rollout, reinforcing Europe’s technological leadership in the electrification of freight transport. Trailer Dynamics’ e-trailer technology offers a breakthrough solution for decarbonising heavy road transport. By pairing a conventional truck unit…
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NEWS
Egypt’s Renewable Feedstocks Startup Tagaddod Raises $26.3M in Series A Funding
Egyptian renewable energy startup Tagaddod has secured $26.3 million in Series A funding to accelerate its expansion across Africa, Asia, and Europe and strengthen the global biofuel supply chain. The funding round was led by The Arab Energy Fund (TAEF), a multilateral impact financial institution focused on sustainable energy and regional energy security. Other investors include FMO, Verod-Kepple Africa Ventures…
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SUSTAINABILITY
Biotope by VIB Backs New Wave of Startups Tackling Food Resilience and Crop Sustainability
Biotope by VIB, a Belgian biotech startup incubator and early-stage investor founded by the Flemish Institute for Biotechnology (VIB), has unveiled its seventh cohort of startups. The incubator has selected three early-stage ventures from Brazil, the UK, and Belgium that are pioneering new solutions for food resilience and sustainable agriculture. This announcement follows a competitive three-week basecamp, where ten shortlisted…
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ENERGY
Sun.store Secures €6m Seed Round to Digitize Europe’s Solar Procurement
Sun.store, a B2B digital marketplace for solar and storage components, has raised €6 million in seed funding, one of the largest early-stage rounds in Poland’s cleantech sector to date. The investment signals growing confidence in the company’s mission to modernize Europe’s fragmented solar procurement system and accelerate the clean energy transition. The round was co-led by Contrarian Ventures, Market One…
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NEWS
Cleantech Startup Factor2 Energy Secures $9.1m to Scale Geothermal Power From Stored CO₂
Factor2 Energy, a Duisburg-based cleantech startup developing an unconventional approach to geothermal power, has raised $9.1 million seed funding to advance its technology and build a pilot plant that uses carbon dioxide as a working fluid instead of water. The round was led by Silicon Valley’s At One Ventures, with participation from High-Tech Gründerfonds (HTGF), Gründerfonds Ruhr, Verve Ventures, and…
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CLIMATE
Climate Tech Startup Nitricity Secures $50m to Scale its Organic Fertilizer Technology
California-based climate tech startup Nitricity has raised $50 million in Series B funding to expand its pioneering organic fertilizer technology across the U.S. and into Europe, positioning itself as a disruptive force in an industry long reliant on carbon-intensive synthetic fertilizers. The funding round was co-led by World Fund, Europe’s climate-focused venture capital firm, and returning investor Khosla Ventures. Other…
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ENERGY
Solar Energy Startup Solestial Raises $17m to Scale Space Solar Manufacturing
Solestial, the solar energy company for space, announced the closing of $17 million Series A funding round led by AE Ventures. The round welcomed new investors Crosscut Ventures, Zeon Ventures, and Mitsubishi Electric Corporation’s ME Innovation Fund (general partner: Global Brain Corporation), with participation from existing investors Airbus Ventures, General Purpose Venture Capital, Industrious Ventures, Stellar Ventures, and Techstars. The Series A…
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ENERGY
BURN raises $5 million to expand its electric cooking technology to more households in Kenya
BURN, Africa’s leading clean cookstove manufacturer, distributor, and carbon project developer, has secured a USD 5 million investment from EDFI Management Company (EDFI MC) through the EU Funded Electrification Financing Initiative (ElectriFI). This investment will allow over 100,000 Kenyan households to transition to clean, electric cooking—reducing household energy costs and eliminating an estimated 1.4M tons of CO₂ emissions over the…
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