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The Venture Codex

Overview

Specialized investment firm focused on sustainable clean energy in Africa.

Deals · 12mo

1

Stage focus

—

Geographic focus

South Africa

Sector focus

—

Investment portfolio

1rounds
NAMEDATESIZE
Solar Saver
Nov 2025Led
$60 MOther Equity
Solar Saver
Nov 2025Led
$60 MOther Equity
1
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Inspired Evolution: 1 funding rounds are recorded in the selected participation categories.All available history.
Inspired Evolution: 1 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Other Equity10

Monthly Deal Activity

Inspired Evolution: 1 deals are recorded across 12 months.All available history.
Inspired Evolution: 1 deals are recorded across 12 months. All available history
MonthDeals
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Inspired Evolution: Clean Energy & Sustainability is the largest displayed sector by deal count (1 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.

Inspired Evolution: Clean Energy & Sustainability is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Clean Energy & Sustainability1

Deal Size Distribution

Inspired Evolution: 1 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.

Inspired Evolution: 1 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Inspired Evolution: South Africa has the largest recorded deal count among the displayed regions (1 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Inspired Evolution: South Africa has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
South Africa1
Inspired Evolution: 2 co-investors are shown, with FMO sharing 1 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.

Inspired Evolution: 2 co-investors are shown, with FMO sharing 1 recorded deals. All available history
Co-investorShared deals
FMO1
Swedfund1

Investment Strategy

Inspired Evolution: Led accounts for 100% and participating for 0% of round participation.All available history.
Inspired Evolution: Led accounts for 100% and participating for 0% of round participation. All available history
CategoryDeals (count)Share (%)
Led1100%
Participating00%
Inspired Evolution: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Inspired Evolution: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Anthony Ngugi

Investment Director

Christopher Clarke

Managing Partner & Co-Founder

Steven Faure

Partne and Investment Director Southern African Region

Wayne Keast

Managing Partner