# Top 10 Oil and Gas VC (Venture Capital) Funds in Africa in October 2023

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Software

LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

## E3 Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series A, Seed, Convertible Note
- Focus: Solar, Energy, Renewable Energy

Energy Access Ventures invests in growing, entrepreneurial businesses in Sub-Saharan Africa addressing the lack of electrification in the region with new technology and innovative business models. The fund is backed by Schneider Electric, the leading energy management multinational, and a number of public-sector investors.

## Novastar Ventures
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Agriculture, Internet, Clean Energy

For the many, not just the few. For good.

## Maroc Numeric Fund
- Type: VC Fund
- Location: Casablanca, Grand Casablanca, Morocco
- Relevant deals: 2
- Stages: Series A, Seed, Pre-Seed
- Focus: Online Portals, Enterprise Software, FinTech

Maroc Numeric Fund is a tech VC fund investing in Morocco.

## Global Partnerships
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Clean Energy, Renewable Energy, Solar

Global Partnerships is an impact-first investor dedicated to expanding opportunity for people living in poverty. For 25 years GP has invested in sustainable solutions that help impoverished people increase their incomes and improve their lives, with core investments in livelihoods, education, health, energy, housing, and sanitation. Since inceptionGP has deployed $356.5 million in impact investments to 135 partners, bringing meaningful impact to over 14.7 million lives in 21 countries.What is Impact-First Investing?Impact-first investing means investing in a way that seeks the highest possible social impact, while seeking to preserve capital with a modest financial return for investors.Impact-first investing is distinctly different from return-first investing, which seeks the highest possible financial return (often without consideration of social or environmental consequences), and from philanthropy, which seeks the highest social impact without any preservation of capital.We believe that impact-first investing has an essential role to play in advancing sustainable solutions to poverty for millions of people worldwide.What Does Impact Mean to Global Partnerships?All of our impact-first investing is aimed at empowering poor and marginalized people to earn a living, provide the basic necessities of life for their families, and improve their lives. We seek social impact on four dimensions:Broadening Opportunity – We have a holistic understanding of poverty, so we invest across all facets of poverty: livelihoods, education, energy, health, housing, sanitation, and water.Deepening Inclusion – We invest at the edge of the market, emphasizing approaches that include people marginalized by depth of poverty, gender, and/or geography, including women and the rural poor.Serving Millions – We believe that every person matters, and want to expand opportunity for as many people as possible. We therefore focus on sustainable approaches that can, over time, scale to serve millions of people living in poverty.Improving Lives – We only invest where evidence convinces us that people living in poverty value the opportunity being delivered and are empowered by it – economically or otherwise – to improve their lives.

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Information Technology

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa.

## Aster Capital
- Type: VC Fund
- Location: France, Idaho, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Automotive, Sensor, Virtual Reality

VC fund

## Helios Investment Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Private Equity, Debt Financing
- Focus: Financial Services, Energy, Oil and Gas

Helios Investment Partners is a private equity and venture capital firm specializing in buyouts of going concerns, recapitalization, mezzanine, growth capital for private enterprises, restructurings joint ventures, startups; either green-field or brownfield; and the majority or blocking-minority structured investments in listed entities. It seeksto invest in the telecommunications, media, financial services, power, utilities, travel, leisure, distribution, fast-moving consumer goods, logistics, and Agro-allied sectors. The firm prefers to invest in Africa with a focus on Nigeria, South Africa, and Kenya. It seeks to invest between $15 million and $200 million in an individual transaction. The firm prefers to have a board seat in its portfolio companies. Helios Investment Partners LLP was founded in 2004 and is based in London, United Kingdom.

## Aster
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Software, Energy, Solar

Aster is a Venture Capital firm with offices in 4 major innovation hubs: Paris, London, Tel Aviv and San Francisco. Since 2000, they have partnered with more than 60 teams of entrepreneurs that are transforming markets with disruptive offers and technologies. They are always open to exploring new ideas related to mobility, energy and industrysectors that they have been covering until now. They invest in all stages, with a preference for the early phase.They are more than investors and they intend to act as an ally for entrepreneurs by connecting them to a valuable ecosystem of experts, influencers and business leaders. From marketing to executive talent, their commitment to the growth of their portfolio companies as well as the entire venture ecosystem also involves the commitment of their dedicated Operations team, their innovation strategy consulting firm (Aster Fab) and a crowdfunding branch to further expand opportunities (Aster Crowd).Some of their success stories include Solairedirect (acquired by Engie in 2015), Digital Lumens (acquired by Osram in 2017) and Avantium (IPOed in 2017).

## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

Kepple Africa Ventures is an early-stage venture capital firm.

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