SunCulture
September 2026 · KenyaDebt10 M$Senior debtEnergyLead
Activity : Productive use: solar cooling and pumping
SunCulture Closes $10m Securitisation Deal as African Climate Tech Turns to Capital Markets.
Source : launchbaseafrica.com
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Mirova Natural Capital
Public data, unclaimed profileFund manager (General Partner), natural capital and impact. Assets under management: ≈ USD 1bn.
At a glance
Based on observed investment behaviour: 7 recorded deals
- Investor type
- Private equity or venture capital fund (inferred, not verified)
- Capital type
- Private equity (inferred from deals)
- Observed ticket
- 9.5 M$ – 33.3 M$, median 10 M$ (6 disclosed amounts)
- Stated ticket : 5 M$ – 30 M$
- Countries
- Kenya (5), Madagascar (1), South Africa (1)
- Activities
- Electric mobility (2), Forestry, agroforestry and carbon (2), Honey, botanicals and natural ingredients (1)
- Instruments
- Senior debt (3), Equity (2), Quasi-equity (1)
- Stages
- Growth (4), Debt (3)
- Recent activity
- 3 deals in 12 months, latest Sept 2026
Stated thesis versus observed behaviour
- Sectors: 86% of its deals within its stated thesis
- Countries: 86% of its deals within its stated thesis
- Ticket: 100% of its deals within its stated thesis
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Investment thesis
Criteria published by the fund, recorded and checked by Invest Matching.
- Investment ticket
- 5 M$ – 30 M$
- Instruments
- Senior debt, Equity
- Preferred sectors
- Agribusiness, Energy, Logistics*
- Target geographies
- Kenya, Madagascar, Côte d'Ivoire, South Africa*
- Stages (stated by the fund and from its deals)
- GrowthDebt
* added from its deals
Reference deals
Recent public deals: they say better than a thesis what the fund actually signs.
ARC Ride
September 2026 · KenyaDebt33.3 M$Senior debtEnergyCo-Invest
Co-investor alongside Novastar Ventures
Activity : Electric mobility
ARC Ride, a Kenyan electric mobility startup, has raised $33.3 million in asset-backed debt and equity to expand its battery-swapping network and electric motorcycle fleet across Africa.
Co-investors British International Investment, IFC (International Finance Corporation), Musashi Seimitsu, Norrsken22, Proparco, Talanton
Source : techcabal.com
Cold Solutions Kiambu
January 2026 · KenyaGrowth19 M$LogisticsLead
Activity : Warehousing and cold chain
Instrument : US$19m investment from the Mirova Gigaton Fund · Vehicle : Mirova Gigaton Fund
15,000-pallet cold store in Tatu City (agriculture, pharma), 30% solar-powered.
Source : ecofinagency.comN2 · Cross-checked (2+ outlets) · Other sources : IPE Real Assets
Arc Ride
September 2025 · KenyaDebt10 M$Senior debtEnergyLead
Activity : Electric mobility
Kenyan e-mobility startup Arc Ride has secured $10 million in debt financing from Mirova, a Paris-based sustainable investment manager, to expand its battery-swapping network for electric motorcycles.
Source : techinafrica.com
Imperative
May 2024 · South AfricaGrowthUndisclosed amountQuasi-equityAgribusinessCo-Invest
Activity : Forestry, agroforestry and carbon
Instrument : syndicated senior secured stream agreement
Imperative develops a large-scale ecosystem restoration project in South Africa's Eastern and Western Capes, based on replanting native thicket and generating carbon credits.
Why they invested
- Restore 10,000 hectares in the first phase of a project targeting 100,000 hectares.
- Sequester carbon while restoring biodiversity and degraded ecosystems.
- Create employment and benefits for local communities.
- De-risk a larger-scale restoration project.
Co-investors GenZero, Rubicon Carbon LLC
Source : mirova.comN1 · Primary source
Komaza
December 2022 · KenyaGrowth9.5 M$EquityAgribusinessCo-Invest
Activity : Forestry, agroforestry and carbon
Vehicle : Land Degradation Neutrality Fund
Komaza operates a smallholder forestry platform in Kenya, combining tree planting and timber value-chain development.
Why they invested
- Increase forest cover in Kenya.
- Develop scalable nature-based solutions.
- Work with smallholder farmers.
Source : mirova.comN1 · Primary source
Aqre Group
October 2022 · MadagascarGrowth10 M$EquityAgribusinessCo-Invest
Activity : Honey, botanicals and natural ingredients
Vehicle : Land Degradation Neutrality Fund
Aqre Group produces natural ingredients for the pharmaceutical, cosmetics, food and beverage industries, working with thousands of smallholder farmers in Madagascar.
Why they invested
- Develop sustainable land management practices in Madagascar.
- Work with thousands of smallholder farmers.
- Support a natural-ingredients value chain.
Source : mirova.comN1 · Primary source
In short
Mirova Natural Capital invests tickets ranging from 5 M$ to 30 M$, across the following sectors: Agribusiness, Energy, and Logistics, in the following areas: Kenya, Madagascar, Côte d'Ivoire, and South Africa. Check in 30 seconds whether your company fits these criteria.