United States African Development Foundation (USADF)
Investment Thesis
United States African Development Foundation (USADF) is a US government agency that provides seed funding and technical assistance to African-owned businesses and social enterprises. Unlike traditional venture capitalists, USADF prioritizes impact over profit, supporting ventures that address critical development challenges and promote local economic growth. Notable portfolio company: Energy+.
Portfolio Preview
A sample from 6 verified portfolio companies.
Powerstove Energy
Powerstove Energy is a Nigerian startup which uses technology to deliver a smokeless, IoT-enabled cookstove that generates electricity.
Salpha Energy
Salpha Energy is a Nigerian clean energy startup focused on solar-powered solutions for off-grid communities.
Energy+
Energy+ is an off-grid solar company on a mission to deliver affordable and reliable energy to off-grid households in Mali
Prado Power
Prado Power delivers scalable solar energy to underserved Nigerian communities.
Darway Coast
Darway Coast delivers scalable clean energy to underserved Nigerian communities via mini-grid.
Cherehani Africa
Cherehani leverages technology to provide credit bundled with market information and financial education to women micro-entrepreneurs.
United States African Development Foundation (USADF): quick facts
- Which startups has United States African Development Foundation (USADF) invested in?
- United States African Development Foundation (USADF) has backed at least 6 African startups, including Powerstove Energy, Salpha Energy, Energy+, Prado Power, Darway Coast and 1 other.
- Which sectors does United States African Development Foundation (USADF) invest in?
- Its portfolio spans Renewable Energy, Energy, Solar Energy, Food and Beverage, Banking and Solar.
