Funding News

IFC Pledges $25 Million to Acumen’s Hardest-to-Reach Fund

The International Finance Corporation (IFC) has pledged up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund. The $200 million fund aims to deliver clean, affordable energy to underserved regions in Sub-Saharan Africa. It also supports global climate goals. The H2R Fund is divided into three equity tranches: senior, mezzanine, and junior, each worth $60 million. […]

Sustainable Energy

Zeno: Here For The Future?

Zeno, a visionary startup founded by Tesla alumnus Michael Spencer, is set to revolutionize East Africa’s energy and transport sectors. Fresh out of stealth mode, Zeno has raised $9.5M in an oversubscribed seed round, with support from Lowercarbon Capital, Toyota Ventures, Advantedge Founders, and others, to accelerate the transition to electric mobility in the region. […]