Impact investing fund, AVCA member, fighting poverty. Assets under management: ≈ USD 216m.
Criteria published by the fund, recorded and checked by Invest Matching.
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Recent public deals: they say better than a thesis what the fund actually signs.
Sun King (Zambie)
September 2026 · ZambiaGrowth5 M$EquityEnergyLead
Activity : Off-grid solar and solar kits
Instrument : Equity investment · Vehicle : Hardest-to-Reach (H2R) Catalyze
Sun King's Zambian subsidiary: off-grid solar distribution and installation, financed through daily PayGo payments from USD 0.26. Goal: electrify 5.6 million people in five years, 4.5 million for the first time.
Why they invested
- Unlock local-currency debt financing
- Unmet energy demand: only about half of Zambians have electricity
- Model already proven by Sun King in other markets
Team
- Krishna Swaroop — CFO, Sun King
Source : acumen.orgN1 · Primary source
Pullus Africa Solutions
April 2026 · NigeriaUndisclosed amountAgribusinessLead
Activity : Livestock and animal production
Aggregates chickens from smallholder farmers for retailers, restaurants, hotels and food chains: 6,000+ registered farmers, about 28,000 trained, 246,000 birds sold in 2025, target of 2 million+ by 2029.
Why they invested
- A fair, reliable buyer for smallholder farmers instead of middlemen
- Fund cold-chain expansion and farmer financing
- Supported by the Challenge Fund for Youth Employment
Team
- Opeoluwa Fayomi — CEO & Co-Founder
Source : acumen.orgN1 · Primary source
Instollar
April 2026 · NigeriaUndisclosed amountEnergyLead
Activity : Off-grid solar and solar kits
Marketplace connecting solar companies with trained gig technicians: 1,400+ technicians across all 36 Nigerian states, 2,000+ installations since 2023.
Why they invested
- Tackles youth unemployment and energy poverty together
- Lets solar companies scale deployment faster
- Supported by the Challenge Fund for Youth Employment
Source : acumen.orgN1 · Primary source
Mountain Harvest
April 2026 · UgandaUndisclosed amountAgribusinessLead
Activity : Cocoa, coffee and export crops
Sourcing and processing of organic specialty Arabica from 1,000+ smallholders (2,600 targeted by 2028), paid 13–37% above market; training, inputs, microfinance and digital traceability.
Why they invested
- Living incomes for farmers and ecosystem protection
- Strengthen the balance sheet to attract further financing
- Specialty coffee as an engine of inclusive growth
Team
- Kenneth Barigye — Managing Director
Source : acumen.orgN1 · Primary source
Omia Agribusiness Development Group
March 2026 · UgandaUndisclosed amountQuasi-equityAgribusinessLead
Activity : Agricultural inputs and services
Instrument : Impact-linked convertible note · Vehicle : Forcibly Displaced People Lens (Acumen East Africa)
Provides inputs, training and market access to 100,000+ smallholders in Northern Uganda, including refugees and displaced people; 92% report higher yields, 89% higher earnings.
Why they invested
- Refugee farmers earn 30–50% less than host communities
- Working capital and expansion into new districts
- Backed by the Conrad N. Hilton Foundation and Swiss development cooperation
Team
- Iganachi Razaki Omia — Founder
Source : acumen.orgN1 · Primary source
AgroEknor
February 2026 · NigeriaUndisclosed amountAgribusinessLead
Activity : Honey, botanicals and natural ingredients
Vehicle : Acumen Ventures
Hibiscus value chain from production to export (Mexico, US, China) and the "Madala" cordial for the domestic market; 6,000+ smallholder partners, 82% women; one of seven NAQS-accredited fumigation chambers in Nigeria.
Why they invested
- Connect smallholders to premium global markets
- Climate-smart training and fair pricing
- 70% of partner farmers report higher income
Team
- Timi Oke — Co-Founder & CEO
Source : acumen.orgN1 · Primary source
Sommalife
January 2026 · GhanaSeedUndisclosed amountAgribusinessLead
Activity : Cocoa, coffee and export crops
Instrument : Pre-Series A round
Aggregates shea nuts and soybeans from rural communities, 90% women farmers: 150,000 farmers on the TreeSyt traceability platform, 40,000 active suppliers; target of one million farmers by 2030.
Why they invested
- TreeSyt traceability, nurseries and climate-smart training
- Sustainable livelihoods at scale for women farmers
Team
- Mawuse Gyisun — Co-Founder & COO
Source : acumen.orgN1 · Primary source
Energy Assured Nigeria
January 2026 · NigeriaGrowthUndisclosed amountEquityEnergyLead
Activity : Productive use: solar cooling and pumping
Vehicle : Pioneer Energy Investment Initiative
Mobile solar irrigation pumps rented through a cluster model to rice farmers in Northern Nigeria.
Why they invested
- Replace costly diesel pumps with solar
- Higher smallholder yields and incomes
- Less exposure to diesel prices
Source : acumen.orgN1 · Primary source
Farm to Feed
November 2025 · KenyaSeed1.5 M$EquityE-commerceCo-Invest
Co-investor alongside Delta40
Activity : Online marketplaces
Farm to Feed, a Kenyan agritech startup that connects smallholder farmers to businesses, has closed a $1.5 million seed funding round.
Co-investors 54 Collective, Catalyst Fund, DRK Foundation, Holocene, Levare Ventures, Marula Square
Source : techcabal.com
Loom Craft Chocolate
August 2025 · NigeriaPre-SeedUndisclosed amountEquityAgribusinessLead
Activity : Cocoa, coffee and export crops
Vehicle : Trellis
Nigerian chocolate maker that trains and sources from smallholder cocoa farmers.
Why they invested
- Keep more cocoa value locally
- Develop cocoa processing in Nigeria
- Fund equipment to increase output
Source : acumen.orgN1 · Primary source
KIMS Microfinance
June 2025 · SomaliaDebt1 M$Senior debtFinancial servicesLead
Activity : Microfinance
Instrument : Financement conforme à la charia, décaissements par tranches et échéancier adapté · Vehicle : Hardest-to-Reach
Somalia's largest microfinance institution, scaling off-grid solar financing for households and businesses.
Why they invested
- Very low electricity access in Somalia
- Solar financing compatible with Islamic finance
- Scale through a local financial institution
Source : acumen.orgN1 · Primary source
Wami Agro
February 2025 · GhanaPre-SeedUndisclosed amountEquityAgribusinessLead
Activity : Agritech
Vehicle : Trellis
Direct purchasing, digital marketplace, credit and farm information for Ghanaian smallholders.
Why they invested
- Better market access for smallholders
- Credit for inputs and equipment
- Training and weather information
Source : acumen.orgN1 · Primary source
Keep IT Cool
January 2025 · KenyaUndisclosed amountLogisticsLead
Activity : Warehousing and cold chain
Keep IT Cool , a Kenyan startup revolutionizing food preservation with its innovative sustainable refrigeration solutions, has secured funding from global impact investor Acumen to advance its pan-African ambitions.
Source : techinafrica.com
Biomassters
December 2024 · RwandaUndisclosed amountEnergyLead
Activity : Clean cooking
Rwanda-based cleantech startup Biomassters has raised an undisclosed funding round from Acumen to expand its operations and enhance access to clean cooking solutions.
Source : weetracker.com
Brighter Life by d.light
November 2024 · UgandaDebt5 M$Senior debtEnergyLead
Activity : Off-grid solar and solar kits
Instrument : Facilité multi-pays de financement de créances · Vehicle : Hardest-to-Reach
Vehicle buying customer receivables from d.light's pay-as-you-go solar sales, starting with Uganda.
Why they invested
- Fund the growth of pay-as-you-go solar sales
- Accelerate energy access in Uganda
- Receivables structure suited to pay-as-you-go
Co-investors African Frontier Capital
Source : acumen.orgN1 · Primary source
Winich Farms
October 2024 · NigeriaSeed3 M$EquityAgribusinessLead
Activity : Agritech
Winich Farms, a Nigerian agritech company that supplies farm grain produce to retailers, has raised $3 million in pre-series A funding to expand its order fulfillment centres and improve its technology.
Co-investors Acasia Ventures, Climate Resilient Africa Fund, Marula Square, Plug and Play Ventures
Source : techcabal.com
Yellow
September 2024 · MalawiDebt2 M$Senior debtEnergyLead
Activity : Off-grid solar and solar kits
Yellow and RDG Collective, both off-grid solar distributors, have secured financing from Acumen’s USD 250 M Hardest-to-Reach (H2R) initiative.
Source : weetracker.com
RDG Collective
September 2024 · ZambiaDebt1.25 M$Senior debtEnergyLead
Activity : Off-grid solar and solar kits
Instrument : Prêt indexé sur l'impact · Vehicle : Hardest-to-Reach
Zambian distributor of off-grid solar home systems and solar generators for small businesses.
Why they invested
- Finance solar kit inventory
- Household energy access in Zambia
- Support the local economy amid hydropower shortages
Source : acumen.orgN1 · Primary source
Yellow Malawi
September 2024 · MalawiDebt2 M$Senior debtEnergyLead
Activity : Off-grid solar and solar kits
Instrument : Prêt en devises mixtes (part en monnaie locale) · Vehicle : Hardest-to-Reach
Off-grid solar distributor in Malawi serving households and small businesses.
Why they invested
- Finance solar kit inventory
- Reduce currency risk
- Energy access in a severely under-electrified country
Source : acumen.orgN1 · Primary source
SunCulture
April 2024 · KenyaSeries B27 M$EquityEnergyCo-Invest
Co-investor alongside InfraCo Africa
Activity : Productive use: solar cooling and pumping
SunCulture , an African solar irrigation startup that offers a Pay-As-You-Grow option that allows small monthly installments, has raised a USD 27 M equity funding round co-led by billionaire co-founder of Netflix Inc., Reed Hastings , and Eric Schmidt , the former chief executive officer of Alphabet Inc.
Source : weetracker.com
Ampersand
January 2024 · Rwanda19.5 M$EnergyCo-Invest
Co-investor alongside Ecosystem Integrity Fund
Activity : Electric mobility
The Kigali-based electric transport energy company Ampersand has raised USD 19.5 M in equity and debt funding to help it continue to expand operations.
Co-investors AlphaMundi, Beyond Capital Ventures, Hard Edged Hope Fund, TotalEnergies
Source : weetracker.com
Lizard Earth
2021 · Sierra LeonePre-Seed550 k$Quasi-equityAgribusinessLead
Activity : Cocoa, coffee and export crops
Instrument : Obligation convertible avec redevances les cinq premières années
Trains cocoa farmers, buys and processes wet cacao in village centres and sells to premium international buyers.
Why they invested
- Global ethical and specialty cocoa market
- Better logistics and trading margins
- Connect smallholders to premium markets
Source : acumen.orgN1 · Primary source
Acumen invests tickets ranging from 250 k$ to 5 M$, across the following sectors: Energy, Agribusiness, Education, Healthcare, E-commerce, Logistics, and Financial services, in the following areas: Kenya, Nigeria, Ghana, Uganda, Malawi, Rwanda, Sierra Leone, Somalia, and Zambia. Check in 30 seconds whether your company fits these criteria.
