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The Venture Codex

Overview

Invests in entrepreneurial businesses addressing electrification in Africa.

Deals · 12mo

2

Stage focus

Debt
Seed
Series A

Geographic focus

Congo, Democratic Republic of
Côte d'Ivoire
Kenya
Morocco
...

Sector focus

Renewable Energy
Solar
Venture Capital

Investment portfolio

12rounds
NAMEDATESIZE
GoCab
Jan 2026Led
$45 MDebt
Plentify
Dec 2025Participated
$15 MSeries A
GoParity
May 2025Participated
$3 MOther Equity
YoLa Fresh
May 2024Participated
$7 MSeries A
Hohm Energy
Feb 2024Led
$8 MSeed
Badili
Jan 2024Led
$2 MSeed
Nuru
Jul 2023Led
$40 MSeries B
SunCulture
Dec 2020Participated
$14 MOther Equity
Nuru
May 2019Led
$2 MOther Equity
PEG Africa
Mar 2019Participated
$25 MDebt
InspiraFarms
Apr 2018Participated
$3 MSeries A
d.light
Sep 2016Participated
$23 MSeries D
GoCab
Jan 2026Led
$45 MDebt
Plentify
Dec 2025Participated
$15 MSeries A
GoParity
May 2025Participated
$3 MOther Equity
YoLa Fresh
May 2024Participated
$7 MSeries A
Hohm Energy
Feb 2024Led
$8 MSeed
Badili
Jan 2024Led
$2 MSeed
Nuru
Jul 2023Led
$40 MSeries B
SunCulture
Dec 2020Participated
$14 MOther Equity
Nuru
May 2019Led
$2 MOther Equity
PEG Africa
Mar 2019Participated
$25 MDebt
InspiraFarms
Apr 2018Participated
$3 MSeries A
d.light
Sep 2016Participated
$23 MSeries D
12
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Insights

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Deal Distribution

E3 Capital: 12 funding rounds are recorded in the selected participation categories.All available history.
E3 Capital: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed20
Series A03
Series B10
Series C+01
Other Equity12
Debt11

Monthly Deal Activity

E3 Capital: 12 deals are recorded across 122 months.All available history.
E3 Capital: 12 deals are recorded across 122 months. All available history
MonthDeals
Sep '161
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '181
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '191
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '241
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

E3 Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (8 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

E3 Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
Clean Energy & Sustainability8
Food & Agriculture3
Networks, Cloud & Communication2
Fintech2
E-Commerce & Retail2
Transportation & Logistics2
Manufacturing1
Media & Entertainment1
Social & Community Platforms1

Deal Size Distribution

E3 Capital: 12 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

E3 Capital: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M2
$10M-$25M3
$25M-$50M3
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

E3 Capital: Kenya has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

E3 Capital: Kenya has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
Kenya2
South Africa2
Congo, Democratic Republic of2
Europe2
United States1
CôTe D'ivoire1
Morocco1
Senegal1
E3 Capital: 20 co-investors are shown, with Janngo Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

E3 Capital: Led accounts for 42% and participating for 58% of round participation.All available history.
E3 Capital: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led542%
Participating758%
E3 Capital: Single-lead accounts for 20% and co-led for 80% of lead dynamics.All available history.
E3 Capital: Single-lead accounts for 20% and co-led for 80% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead120%
Co-led480%

Team

Paras Patel

CoFounder and Managing Partner

Ravinder Sikand

Senior Partner