Holocene Ventures Fund I reaches final close
The fund invests in early-stage climate tech companies.
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Holocene, a specialised climate tech investment fund focused on Southern Africa, has announced the final close of its Holocene Ventures Fund I.
“It’s clear we need to dramatically accelerate the pace of climate innovation in Africa,” says Holocene general partner Josh Romisher. “The continent will double in size, urbanise, and begin to truly consume during our lifetimes. That can be seen as an impending climate catastrophe or a massive innovation opportunity. We choose to view it as the latter.”
In 18 months of deployment, HVF1 has already backed 10 companies. They include FARO, a circular-economy company built around technology-enabled supply chains for unused inventory; ScootHero, which has deployed more than 500 electric motorbikes and over 50 battery-swap stations across South Africa; and Yongeza, an e-mobility infrastructure company in Uganda.
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