Katapult VC, a venture capital firm focused on technology solutions for climate, food, and ocean sustainability recently hosted a VC night at AfricArena Summit in Cape Town, South Africa.
The VC Night, hosted in partnership with brought together investors, startups, and VCs to discuss new partnerships and innovative solutions for the continent.
In a statement, the firm highlighted the event as a dynamic platform for networking, collaboration, and addressing some of the world’s most critical challenges.
‘’Katapult VC’s mission is to accelerate and invest in innovative tech startups addressing global issues in Climate, Food, and Ocean sustainability.’’ the firm said.
‘’Through strategic events like the VC Night and its participation in Africarena, Katapult VC is championing the development of scalable solutions while deepening its presence and partnerships across Africa.’’
With its continued efforts to bridge the gap between impactful startups and global investors, Katapult VC says it is playing a pivotal role in building a more sustainable future for the planet.
Katapult VC emphasized its pivotal role in connecting impactful startups with global investors, reinforcing its commitment to creating a sustainable future. Guests at the VC Night also had the opportunity to explore Katapult VC’s latest research on Climate-Tech, Agri-Tech, and innovation trends in Africa. The research analyses the historical trends that have defined the food tech and climate tech sectors across the continent.
In an era marked by pressing global challenges, the reports notes that African entrepreneurs are innovating at the frontlines, pioneering solutions that bridge the gaps in sustainability, agricultural transformation, and environmental challenges.
According to the research, over the past decade, the food and climate technology sectors in Africa have experienced significant transformations, marked by a substantial increase in innovative solutions, a growing number of companies, and an influx of investment. It notes that funding for climate and food across the years hit $4.1 billion with most of the funding going to startups in Kenya, Nigeria, and South Africa by both volume and total numbers.
The research notes that other markets, including Ghana, Rwanda, and Tanzania, are also experiencing growth in these sectors. By sub-region, Eastern Africa leads, largely driven by Kenya.
‘’The volumes found in Kenya especially are linked to the large-scale investments in solar solutions in climate and supply chain and precision agriculture in food and agriculture’’
According to the research, approximately 60% of funders are based outside Africa, with the majority coming from the United States and the United Kingdom. Most of the Africabased investors come from Kenya, Nigeria, and South Africa, which is also where most of the innovation and funding activity is happening.
‘’There are more than 800 investors that have invested at least one or more investments into climate and food innovators across Africa since 2014. There are notably often multiple investors involved in a single deal.’’ the research says.
Katapult VC notes the emergence of new technologies tailored to address Africa’s unique challenges in food security, climate resilience, and environmental sustainability. By supporting these innovations, the firm aims to unlock scalable solutions that contribute to a sustainable planet.
With initiatives like VC Night and its broader engagements in Africa, Katapult VC continues to solidify its position as a key player in shaping the future of climate and food technology on the continent.
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