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climate tech startupsTechCrunch
•Technology
Technology
87% Informative
African venture capital firm Equator has raised $55 million for its first climate tech fund.
Fund will back climate tech startups through early stage.
Fund aims to back scalable solutions that can attract private capital.
Africa accounts for less than 3% of global energy-related CO2 emissions but bears the harshest climate impacts.
Climate tech attracted the most debt financing last year .
Climate tech startups need the right mix to avoid excessive equity dilution.
Jamal previously held roles at BlackRock and Acumen Fund , where he led the clean tech group.
He runs Equator alongside partner Morgan DeFoort .
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