Spark+ Africa Fund
Merchant Square Block B, 2nd Floor, Riverside Drive, Nairobi, Kenya
Overview
Spark+ Africa Fund is a fund of financial companies that provide next-generation, widely dispersed cooking energy solutions for the general public and was established to encourage investment in one of the world's most neglected energy concerns with substantial social and environmental ramifications. Other social and environmental advantages that businesses can provide include preserving forests, promoting gender equality, fostering industrial and economic growth, and lowering greenhouse gas emissions.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Energy
- Financial Services
Investment portfolio
- ATEC
Participated · Series A · Jul 2024
ATEC builds market-leading IoT electric stoves. The company’s core product is an Internet-of-Things enabled electric stove designed for expansion in Asia and African markets. The recent Series A will fund global expansion across those regions. The fundraise was led by Schneider Electric Energy Access Asia, an impact fund managed by Schneider Electric, alongside Spark+ Africa Fund. Other institutional backers include DRW, Save the Children Global Ventures, Kibo Investments and iDE. The articles do not disclose operating metrics or prior financing details.