According to research from Africa: The Big Deal, Africa's start-up funding has seen a significant shift. From January to May of 2024, Climate Tech has represented 45% of this year’s funding, amounting to $325 million—an all-time high since 2019. This trend highlights a growing interest in sustainable solutions within the African startup ecosystem. At Persistent, we are committed to investing and building innovative businesses that address climate challenges. We believe this focus on climate tech is a positive development for Africa's future. Read further: https://lnkd.in/d_ap56cs
Persistent
Venture Capital and Private Equity Principals
Nairobi, Nairobi 7,975 followers
Africa's Climate Venture Builder
About us
We believe in the power of climate neutral economic development in Africa. For the last decade, we have been working hand in hand with exceptional entrepreneurs, investing both financial and human capital to build successful climate ventures on the continent. Our companies offer competitive financial returns required to drive lasting impact.
- Website
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https://www.persistent.energy/
External link for Persistent
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Nairobi, Nairobi
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Venture Capital, Africa, Access to clean energy, Impact Investing, Energy services for low income households, Investment management, Advisory services, and Private Equity
Locations
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Primary
Muthangari Drive, Off Waiyaki Way, Nairobi
2nd Floor, Eaton Place
Nairobi, Nairobi 63946-00619, KE
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Birmensdorferstrasse 94
Zurich, Zurich 8003, CH
Employees at Persistent
Updates
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Welcome to the team Vincent Kienzler! Vincent joins Persistent as the Lead Tech Venture Builder, where he will work with our partner companies to develop their technology vision and strategy as well as building their capacity in software development, IT & cybersecurity, and product hardware. Vincent brings a wealth of experience, having lived and worked in Sub-Saharan Africa for the past 12 years. He co-founded two companies in the tech and energy sectors, worked with the World Bank as a private-sector development consultant, and has held several technology leadership positions, including Managing Director and Chief Technology Officer. #joiningpersistent
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We are glad to have been featured through our advisory work on Energy Entrepreneurs growth fund (#EEGF), A fund created in 2019 by Shell Foundation and FMO - Dutch entrepreneurial development bank, managed by Triple Jump in the Inclusive Business Investing Guide. The "Inclusive Business Investing Guide," developed by IFC - International Finance Corporation, leverages sectoral experience from DFIs like British International Investment (BII), FMO - Dutch entrepreneurial development bank, and itself. This guide serves as a comprehensive resource for impact investors aiming to foster sustainable development and social impact for low-income populations that enhance livelihoods and provide essential, affordable goods and services. Other Key aspects of the guide include understanding inclusive business, establishing intentional investment approaches, incorporating inclusive business into pre-investment processes, managing impact, and utilizing advisory services and technical assistance. Interested in reading further? Check here: https://lnkd.in/d9k7RpaF #goodread #investing4impact #EEGF
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Since last year, Persistent has been actively working on expanding its presence in #WestAfrica. We have grown our team of professionals in the region and strengthened our network. The West African #climatetech scene is vibrant, and we believe in its potential to significantly mitigate climate change in #Africa. Check out this video to learn more about our work in the region: https://lnkd.in/dNf8yPnQ #Lagos #venturebuilidng #westafrica #climateinvesting
Persistent in Nigeria - Welcome to Lagos!
https://www.youtube.com/
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Welcome to our new team member and Investment Associate, James Wambua, CFA. Joining our Nairobi Team, James will be working on one of Persistent’s mandates, the $125m Energy Entrepreneurs Growth Fund (#EEGF). He has over seven years of experience in transaction advisory, project finance and corporate finance in industries such as Distributed Renewable Energy, Utility-scale Renewable Energy, manufacturing, retail, logistics, real estate, and technology. #team #kenya
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Congratulations to the entire Rensource Energy team on your award by World Business Outlook as the Best Renewable Energy-Related Service Provider, Nigeria 2024". https://lnkd.in/dARqRDZY #energyacess #Nigeria
We are pleased to announce that Rensource Energy has been awarded the "Best Renewable Energy-Related Services Provider Nigeria 2024" by World Business Outlook. Congratulations to the entire team at Rensource Energy. This achievement wouldn’t have been possible without your unwavering dedication and hard work. See more: https://lnkd.in/dAsT8SvB #solarenergy #renewableenergy #RensourceEnergy
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Have you had a chance to watch the episode of The Energy Talk featuring Persistent? Wairimu Karanja and Tobias Ruckstuhl, CMA were featured on the episode "Funding Climate Impact". They both provided insights into Persistent's work, covering our impact, venture building model, the Africa Climate Venture Builder Fund, and investment strategy. If you haven't watched it yet, we highly recommend checking out the link: https://lnkd.in/dk9Cw_UH
🔚 And that’s a wrap! After 10 months, 24 guests, and 14 episodes, our fourth season on the podcast has come to an end. We began with a 8-episode series sponsored by SELCO Foundation and co-produced with Marilyn Smith of The ENERGY ACTION Project and Global SDG7 Hubs, where we explored how distributed energy impacted the health and agri-practices of millions of small-holder farmers in rural India and underserved communities. It was absolutely riveting hearing from the brilliant lineup of: Harish Hande, Gauri Singh, Ganesh Neelam, Huda Jaffer, Supriya Gowda K.R, Makena Ireri, Rachita Misra, Heather Adair-Rohani, Shweta Narayan, Shri Ram Kumar S, Nirmita Chandrashekar, Bijal Brahmbhatt, Anshul Ojha, Ralph Roothaert, Henok Assefa, and Paul T. Yillia (Dr. techn.). 🔍 This season, we also decided to go all-in on focusing squarely on the operators, financiers, and policy makers making a difference in sub-Saharan Africa’s energy transition. As a first step in this direction, we featured conversations from financiers like Persistent, CrossBoundary Group, Odyssey Energy Solutions, and Diamond Development Initiatives mobilizing and injecting finance into ventures and projects. We also heard from operators like Grid Crux and Mobile Power who are innovating in unique ways, and featured SolarAid Aid; evaluating the charity’s unique model to tackling energy poverty. A huge shoutout to: David Arinze, Lynne Wesonga, Luke Burras, Tobias Ruckstuhl, CMA, Wairimu Karanja, Justin Tinsey, Mojola Ola, and John Keane. As conclude this season, we'll leverage lessons learned to elevate our upcoming fifth season, which will launch in early July, so stay tuned ❗ 🎧 And if you haven't checked us out yet, you can here (or anywhere you get your podcasts):https://lnkd.in/dy5q6hsQ
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Persistent reposted this
🔋💡 Partnering for a Greener and Brighter Future: Altech x EcoNetix 💡🔋 We are excited to announce our partnership with the Altech Group, a leader in the DRC for #CleanEnergy . Together, we're dedicated to bringing life-improving solar solutions to Congolese households, replacing diesel-powered lamps with clean, sustainable energy. Our founder, Jakob Zenz and our CTO David Salzgeber, recently visited Altech to see firsthand the impact of their incredible work, such as the fast distribution of solar lamps through their network of Solar Ambassadors. ☀️ We look forward to continuing this collaboration and making a significant impact on both the environment and the lives of people in the DRC. #SustainablePartnership #GreenTech #RenewableEnergy #EcoInnovation Jakob Zenz David Salzgeber Paul Nimmerfall Voltares asc impact Persistent Sustainnow Andreas Kohler Nikolaus Wrabetz Karl Ernst Kirchmayer Dr. Matthias Schulz Tobias Ruckstuhl, CMA Sulaiman Al Fahim Mohammed Sulaiman Alfahim Manuela Böck, CMA Malango Washikala Wairimu Karanja Toukam Ngoufanke Sandeep Melana Nitin Tanwar Mustafa Ali Khan
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EcoNetix is a global asset manager of high-integrity carbon projects. It uses a digital measurement, reporting, and verification process (dMRV) to digitize carbon projects, monitor and track #CO2 emissions across Africa. Our latest blog post "Building Africa's Next Venture with EcoNetix" speaks on Persistent's work with EcoNetix and why we believe in their technology to bring trust and transparency to the carbon market. Read more here: https://lnkd.in/dRqUk7MR #carbonmarket #Africa #Climate
Building Africa’s Next Venture with EcoNetix
persistent.energy
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Our partner company, EcoNetix is hiring for a Global Carbon Project Lead. Are you a great fit or know someone who is? Apply here: https://lnkd.in/dy-W5jsF #hiring #carbonmarket #jobsinclimate
🌍 We're growing! 🌍 EcoNetix is hiring a Global Carbon Project Lead! If you're a dedicated project manager ready to make a global impact, apply now and join our mission for a sustainable future. #JobOpening #Sustainability #CarbonMarket #JoinOurTeam https://lnkd.in/dKWeWybp