Innovate UK
Investment Thesis
Innovate UK is a UK-based government agency supporting innovation in businesses. In Africa, they focus on Grant rounds, investing in startups like Wefarm, Synnefa, and OX Delivers. Their unique approach lies in providing non-dilutive funding, allowing African startups to retain ownership and control while accessing critical growth capital.
Portfolio Preview
A sample from 8 verified portfolio companies.
Koolboks
Koolboks develops non-electric refrigeration systems and provides affordable cold storage options to companies all throughout Africa.
mopo
MOPO is a pay-per-use battery technology company revolutionising the supply of sustainable energy in Sub-Saharan Africa.
enee.io
enee.io increases access to reliable and affordable energy by improving the life and efficiency of energy systems.
OX Delivers
OX Delivers is a Rwandan e-mobility start-up
Juhudi Kilimo
Juhudi Kilimo is investing in farmers and transforming lives
Synnefa
Synnefa is an Agtech company making complex farming feel simple by providing climate-smart technologies to farmers in Africa
Innovate UK: quick facts
- Which startups has Innovate UK invested in?
- Innovate UK has backed at least 8 African startups, including Koolboks, mopo, enee.io, OX Delivers, Wefarm and 3 others.
- Which sectors does Innovate UK invest in?
- Its portfolio spans Manufacturing, Energy, Battery, Renewable Energy Equipment Manufacturing, Agriculture and AgTech.
