Why Rally Cap VC, a fintech investor for emerging markets, is launching a $5M climate fund spinoff
- Kenyan climate tech startup Amini raises pre-seed and seed rounds with backing from Salesforce Ventures, Female Founders Fund, and Pale Blue Dot.
- Climate tech has become Africa's second most funded sector, attracting funds such as Novastar, Satgana, Equator, and AfricaGoGreen Fund.
- Rally Cap VC expands its mandate to include climate tech and establishes a separate fund, Rally Cap Climate, to support climate tech startups in Africa and globally.
The expansion of Rally Cap VC into climate tech reflects the growing trend of investors exploring climate investments as commercially attractive opportunities. The demand for cleantech solutions and the urgency to adapt to climate change are driving this shift. By establishing a separate fund for climate tech startups, Rally Cap VC is well-positioned to support and benefit from the growth of the sector.
