Persistent Energy Capital

Profile

Persistent Energy Capital is a climate-focused venture capital firm based in Africa, established in 2012. With offices across Nairobi, Lagos, Zurich, and the United States, the team comprises over 25 professionals from 11 nationalities, with a significant presence and influence in Africa. Founded on the principles of venture building, Persistent was previously linked with E+Co, one of the earliest dedicated clean energy finance vehicles in Africa. This heritage provides the firm with deep insights and extensive experience in African climate markets.

The firm primarily invests in early-stage climate tech companies in Africa, focusing on pre-seed through Series A stages. Areas of interest include clean energy, sustainable agriculture, and mobility solutions. Persistent Energy's flagship vehicle, the Africa Climate Venture Fund, has a target size of $70 million, deploying blended finance strategies to support startups. Key investors include FSD Africa Investments, the Nordic Development Fund, and multiple European family foundations. The company's investment approach combines capital with a $5M Venture Building Facility to provide operational support.

Notable investments from Persistent Energy’s portfolio include companies like Candi Solar, Hohm Energy, SolarTaxi, and Ecobodaa. These firms specialize in solutions such as distributed solar energy, electric mobility, and clean cooking technologies. Collectively, Persistent’s investments have improved millions of lives across Africa, reflecting the firm's commitment to sustainable development through measurable impact in the regions they serve.