Looking Beyond the Headline Numbers

ClimateTech is now the largest category of venture funding in Africa, accounting for nearly 40% of all disclosed investment in 2025 and overtaking fintech for the first time.

But headline funding figures only tell part of the story.

Since 2016, African ClimateTech companies have raised $6.5 billion across 780 companies. Yet funding remains highly concentrated, with the top 20 companies accounting for 60% of all capital deployed. At the same time, adaptation solutions attracted just 16% of funding, despite the growing need for climate resilience across the continent.

Developed by Briter, Catalyst Fund, FSD Africa, and BFA Global, with funding data from Africa: The Big Deal, The State of ClimateTech in Africa 2.0 explores how Africa's ClimateTech ecosystem is evolving and why different sectors require different financing approaches at different stages of growth.

What the report covers

  • ClimateTech now accounts for nearly 40% of all disclosed venture funding in Africa
  • $6.5 billion raised across 780 companies between 2016 and 2025
  • The top 20 companies account for 60% of all capital deployed
  • Women-only founding teams received less than 1% of ClimateTech funding
  • Adaptation solutions attracted 16% of funding, compared to 84% for mitigation
  • Debt and hybrid finance now account for close to half of ClimateTech funding by value

Download the report to explore where capital is flowing, where financing gaps remain, and what it will take to finance the next phase of ClimateTech growth across Africa.

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