Global Innovation Fund

The Global Innovation Fund, headquartered in London with an office in Washington D.C., is a non-profit organization dedicated to investing in innovative solutions targeted at improving the lives of the world's poorest people. It supports breakthrough ideas from diverse sources, providing grants and risk capital to maximize impact and drive meaningful change.

Alix Zwane Ph.D

CEO

Past deals in Africa and Middle East

Mr. Green Africa

Series B in 2022
Founded in 2014, Mr. Green Africa is a Nairobi-based recycling company that transforms post-consumer plastic waste into valuable resources. It specializes in collecting, processing, and selling recycled pellets of HDPE, PP, and PET in various colors, contributing to waste management solutions while integrating informal waste workers into its value chain.

Mr. Green Africa

Venture Round in 2020
Founded in 2014, Mr. Green Africa is a Nairobi-based recycling company that transforms post-consumer plastic waste into valuable resources. It specializes in collecting, processing, and selling recycled pellets of HDPE, PP, and PET in various colors, contributing to waste management solutions while integrating informal waste workers into its value chain.

WhereIsMyTransport

Series A in 2020
WhereIsMyTransport Ltd is an urban transportation technology company based in London, United Kingdom, with a presence in Cape Town, South Africa. The company specializes in providing comprehensive public transport data for emerging-market megacities, focusing on regions in Africa, Latin America, Southeast Europe, and South and Southeast Asia. By digitalizing network information from various modes of public transport, WhereIsMyTransport ensures data accuracy amidst the dynamic changes of these systems. Their platform offers a data collection framework for mapping both formal and informal transport networks, equipping businesses, municipalities, and citizens with essential information to enhance infrastructure and navigate urban environments effectively. Through its innovative products and data services, WhereIsMyTransport aims to improve the public transport experience for users and support industry stakeholders in their operational needs.

Mr. Green Africa

Venture Round in 2019
Founded in 2014, Mr. Green Africa is a Nairobi-based recycling company that transforms post-consumer plastic waste into valuable resources. It specializes in collecting, processing, and selling recycled pellets of HDPE, PP, and PET in various colors, contributing to waste management solutions while integrating informal waste workers into its value chain.

Balloon Ventures

Grant in 2019
Balloon Ventures bundles loans of ~$25,000 with tech-enabled business support to de-risk and profitably lend to SMEs in Kenya and Uganda. The approach is unlocking a $150bn segment in sub-Saharan Africa who are currently under-served by all existing financial institutions. Balloon has now made $10m+ loans and is profitable and scaling fast.

Paga

Series B in 2018
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

WhereIsMyTransport

Seed Round in 2017
WhereIsMyTransport Ltd is an urban transportation technology company based in London, United Kingdom, with a presence in Cape Town, South Africa. The company specializes in providing comprehensive public transport data for emerging-market megacities, focusing on regions in Africa, Latin America, Southeast Europe, and South and Southeast Asia. By digitalizing network information from various modes of public transport, WhereIsMyTransport ensures data accuracy amidst the dynamic changes of these systems. Their platform offers a data collection framework for mapping both formal and informal transport networks, equipping businesses, municipalities, and citizens with essential information to enhance infrastructure and navigate urban environments effectively. Through its innovative products and data services, WhereIsMyTransport aims to improve the public transport experience for users and support industry stakeholders in their operational needs.

SparkMeter

Debt Financing in 2017
SparkMeter develops smart electricity metering systems and grid management software for underserved markets. Its products include residential and commercial meters, along with software solutions that enhance grid efficiency, enable prepaid billing, and facilitate remote monitoring. Founded in 2012, SparkMeter operates from Washington D.C. and Nairobi, Kenya.

SafeBoda

Convertible Note in 2016
SafeBoda is an Africa-focused ride-sharing platform that modernizes informal motorcycle taxi transportation with a mobile-first service that connects riders to trained drivers. The platform emphasizes safety, with drivers trained in road safety, first aid, bike maintenance, and customer care, enabling safer, affordable, and convenient urban mobility for Africa's growing cities. Founded in Kampala, SafeBoda designs its services for the African context, aiming to improve trips for both drivers and passengers and to provide a reliable alternative to traditional informal transport.

Educate!

Grant in 2016
Educate! provides a proven mix of a leadership and social entrepreneurship course, long-term mentoring, and an alumni program to empower high school students to start businesses and community initiatives. Today, Educate! works with 1,000 youth across Uganda and is developing a model that can applied across Africa.

PoaPower

Convertible Note in 2016
PoaPower is a renewable energy start-up founded in 2013 by two experienced entrepreneurs, focused on delivering clean and affordable electricity to off-grid, low-income consumers in Kenya. The company utilizes proprietary technology and operates a pay-as-you-go business model, which eliminates the need for large upfront fees and fixed monthly payments. By offering simple and affordable mobile money options, PoaPower enables communities to access clean energy, improving their quality of life and promoting sustainable practices. The company's commitment to developing and commercializing renewable energy innovations positions it as a significant player in the renewable energy sector in Kenya.

Young 1ove

Grant in 2016
Young 1ove is a grassroots, youth-led, evidence-based movement based in Gaborone, Botswana. We identify, adapt and scale-up health and education programs proven to work, by young people for young people. Since 2014, we have reached over 50,000 young people in Southern Africa.

Segovia Technology

Venture Round in 2016
Segovia Technology Co., established in 2014 and headquartered in New York, specializes in facilitating critical payments in challenging environments worldwide. Its online platform enables real-time data analysis, automated task management, action tracking, and seamless integration with various payment providers. Segovia's technology supports corporate payments and social programs across Africa and Asia, benefiting refugees, disaster-stricken communities, gig economy workers, and other vulnerable populations. The company's team comprises experts in emerging-markets payments, machine learning, biometric identification, and adaptive fraud detection, ensuring secure and accessible digital payments even in isolated regions with limited infrastructure.
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