SunCulture, a Kenya-based company focused on climate technology, recently raised $12 million to expand its solar-powered irrigation systems across sub-Saharan Africa. The funding is part of a larger $27.5 million Series B round. Revolutionizing Agriculture with Solar Power In many countries around the world, climate change and erratic weather have made it increasingly dificult for farmers to maintain consistent crop yields. SunCulture’s solar-powered irrigation systems aim to help farmers efficiently use water and boost their crop yields, even with unpredictable rainfall. These systems are sustainable and cost-effective alternatives to traditional,
Seedstars Africa Ventures fund has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank. To launch the fund, the VC firm’s partners Maxime Bouan, Tamim El Zein, and Bruce Nsereko Lule teamed up with the Seedstars Group, tapping its infrastructure and market access in Africa. Seedstars Africa Ventures is an early-stage venture capital fund investing in high-growth companies active across Sub-Saharan Africa. Through initial funding of $8 million from the fund’s anchor investor, French private equity firm LBO France, the VC firm has already invested in four
