The 2023 Lab instrument Catalyst Climate Resilience Fund, an impact fund and accelerator to support pre-seed climate adaptation startups that improve the resilience of vulnerable communities in Africa, is one of four new partnerships announced by Prosper Africa under the Prosper Africa Catalytic Investment Facility.
Prosper Africa is a U.S. Government initiative that connects U.S. and African businesses with new buyers, suppliers, and investment opportunities, providing support financing to African asset managers and financial vehicles that have a pipeline of growth-oriented businesses under the Prosper Africa Catalytic Investment Facility. the facility was first announced at President Biden’s U.S.-Africa Leaders Summit in December 2022.
The partnerships were established with the goal of mobilizing over $200 million in private capital to fuel African innovation and entrepreneurship.
“We are thrilled to partner with USAID Prosper Africa to invest in game-changing solutions that contribute to building a climate-resilient future in Africa. Our fund focuses on supporting mission-driven African founders offering climate adaptation solutions across several sectors, including agtech and food systems, insurtech, climate data, agro-forestry, cold chain, waste, sustainable energy, and water management. By combining impact investing and hands-on venture building, we believe we can unlock tremendous potential for innovative companies on the continent and make a lasting impact on climate-vulnerable communities.”
Maelis Carraro, Managing Partner, Catalyst Fund