African Development Bank
Investment Thesis
African Development Bank: A Catalyst for African Innovation Providing crucial financial support through grants and debt financing, the African Development Bank has played a transformative role in the continent's technology ecosystem. Their portfolio boasts success stories like Farmerline, Kouncel, and SA Taxi, showcasing their commitment to fostering African innovation.
Portfolio Preview
A sample from 16 verified portfolio companies.
Gotion Power Morocco
Moroccan subsidiary of Gotion High-Tech building Africa's first lithium iron phosphate battery gigafactory in Kenitra.
BURN
BURN is a Kenyan clean energy startup working to create the world’s most efficient biomass, liquid fuel, and electric cookstoves.
PowerGen Renewable Energy
PowerGen is building the Energy System of the Future in Africa
Keep IT Cool
Keep IT Cool is a social enterprise that leverages technology as an enabler to empower African communities.
iSchool
iSchool is an Egyptian EdTech that offers STEAM-based learning experiences for children aged between six and 18.
Kouncel
Revolutionizing legal education for MENA region
African Development Bank: quick facts
- Which startups has African Development Bank invested in?
- African Development Bank has backed at least 16 African startups, including Gotion Power Morocco, BURN, PowerGen Renewable Energy, Keep IT Cool, iSchool and 11 others.
- What stages does African Development Bank invest in?
- African Development Bank invests at the Pre-seed, Seed and Series C stages.
- Which sectors does African Development Bank invest in?
- Its portfolio spans Manufacturing, Energy, Agriculture, EdTech, E-Learning and AgriTech.
