July 6, 2026

Lab alum Catalyst Fund announced the completion of its second close, with new commitments reaching USD 30 million for Africa’s climate tech founders. The fund backs founders developing climate resilience solutions with investment and hands-on support, using a de-risking model to attract additional private capital. New investors include IFC, FASA, Shell Foundation, Trafigura Foundation, Speedinvest, Blink Impact, We-Fi, and a group of high-net-worth individuals, joining early backers FSD Africa, Cisco Foundation, and others. The milestone brings Catalyst Fund closer to its USD 40 million fundraising goal.