Southbridge Investments in JV for new $100m Africa fund
Southbridge Investments in JV for new $100m Africa fund
Southbridge Investments and On.Capital have formed a strategic joint venture to manage a $100 million fund, the Energy Go-Getters Fund.
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Southbridge Investments and On.Capital have formed a strategic joint venture to manage a $100 million fund, the Energy Go-Getters Fund. This initiative is aimed at accelerating universal energy access and climate resilience across the African continent, with a particular focus on underserved countries.
The Energy Go-Getters Fund will target investments in a wide spectrum of energy access businesses, ranging from early-stage startups with promising technologies to mature companies poised for expansion.
“We believe that Africa has tremendous opportunity to harness its vast resources in renewable energy to meet its energy, jobs and carbon objectives and deliver a brighter and more sustainable future for its people. This joint venture with On.Capital not only exemplifies our dedication to responsible investing but also showcases our confidence in Africa’s potential as a global leader in the renewable and digital energy sector,” said Frannie Léautier, CEO of Southbridge Investments.
“Through the Energy Go-Getters Fund, we provide the much-needed early stage and scale up equity to energy access champions, especially in underserved markets. As go-getters, we are on the ground, alongside our entrepreneurs, determined to overcome new and difficult situations. We’ll go-get universal access to energy done! We are excited to embark on this journey with Southbridge Investments, as we pool our resources and collective expertise to continue driving innovation, job creation, and environmental stewardship across the continent,” said Emmanuel Beau, CEO of On.Capital and founding partner of Energy Access Ventures, a $90 million smart infrastructure fund.
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