$2.5 M Pre-seed climate-focused fund launched by Pan-African VC firm EchoVC
The latest pre-seed fund vehicle, EchoVC Eco Pilot Fund I, will invest in climate and energy startups. EchoVC is a seed and early-stage digital venture capital firm that focuses on supporting underrepresented creators and neglected markets.
EchoVC invests in offices in Lagos, Nairobi, New York, and London, and it aims to be the Sequoia Capital for undervalued creators and markets. As of right now, it has about seventy firms in its portfolio.
Across industries and themes, including smart planet, healthcare and human services, education, agriculture, climate change, energy, artificial intelligence (AI), financial services, mobility, commerce, media, and connectivity, it makes investments in technology and technology-enabled enterprises.
The goal of the US $2.5 million EchoVC Eco Pilot Fund I is to find and invest in the most promising pre-seed companies that are reshaping the energy, transportation, agriculture, and climate sectors. With the fund, the company hopes to support early-stage enterprise development and innovation with solutions that allow a raise in income for every member along the way.
“Our Eco Pilot Fund I is not just any fund, but a strategic first-step initiative designed to address the funding gap in specific impact-focused sectors and the respective value chains. We believe that by focusing on these areas, we can make a lasting impact on the growth and development of innovative solutions around agriculture, climate, and energy,” said Taiwo Kamson, principal at EchoVC.
