Acumen launches KawiSafi Fund II for African climate ventures
Fund II aims to combine financial returns with measurable climate impact.
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Acumen, the global impact investor, has launched its second KawiSafi fund, focused on accelerating climate solutions in Africa.
The fund has secured $90 million in approved capital for a for-profit investment strategy. It follows the first KawiSafi fund, a $67 million clean energy vehicle launched in 2016.
Fund II will provide catalytic equity to companies that aim to deliver both financial returns and measurable climate impact.
"Securing $90 million for a successor KawiSafi fund is a major milestone and a signal to the market: capital can and must flow toward a more inclusive, low-carbon future," said Amar Inamdar, managing director of the KawiSafi funds. "We are backing the entrepreneurs who are building scalable business models that turn climate challenges into growth opportunities across Africa."
Anchor investors include the African Development Bank's Sustainable Energy Fund for Africa (SEFA), first-loss capital from the Green Climate Fund, the Schmidt Family Foundation, and funding from Quadrature Climate Foundation.
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