GAIA Impact Fund

Gaia Impact Fund is a venture capital firm specializing in renewable energy that builds long-term partnerships with startups operating in Sub-Saharan Africa and South-East Asia with a strong environmental and social focus. The firm supports businesses enabling sustainable and affordable energy provision to local communities. In regions where energy mixes are highly carbonized, it supports technological innovations and business models enabling a cost-efficient diffusion of renewable energy on a large scale.

Guilhem Dupuy

Investment Director

11 past transactions

MyJouleBox

Series A in 2021
MyJouleBox offers a solution for solar professionals in Africa to offer leased solar installations to their customers.

Innovex

Seed Round in 2021
Developer of an embedded technology designed to transform the distribution of off-grid solar energy systems and equipment. The company's technology offers a cloud-based IoT service to remotely monitor and manage their energy systems, enabling installers and distributors of solar energy systems to scale up using digital tools.

Watcha

Venture Round in 2020
WATCHA - Launched in AUG 2012, it quickly became Korea’s favorite movie review app - Its core competency lies in personalized recommendation technology - once users rate movie, WATCHA predicts how they will like movies they haven’t yet seen - Now provides the widest and most accurate movie, TV show and book reviews - Launched in Japan in 2015 WATCHA PLAY - Launched in JAN 2016 - Subscription VOD service for movie and TV series available on multiple devices including Web, iOS/Android mobile and tablet, Samsung/LG Smart TV, Google Chromecast, Android TV - Provides extremely accurate personalized content recommendation, powered by WATCHA - 75% of content consumed based on recommendations Comment by Apple, App Store Editor Team “Thanks to its large volume of reliable review data collected from users, WATCHA PLAY can recommend contents that perfectly satisfy my taste. Please don’t waste your time in choosing what to watch. Trust WATCHA PLAY and Enjoy tonight”

Oolu

Series B in 2020
Oolu is the fastest growing off-grid solar company West Africa. Our Vision is to be the leading energy and financial service provider to millions of customers in the developing world. Our model, developed with local communities, allows us to reach off-grid households in rural villages offering them modern energy access. With a monthly payment model reducing barriers to access, as well as maintenance, parts and battery replacements included in our service, we save our clients money and assure them a continuous, dependable source of energy. In Wolof, a national language of Senegal, Oolu means ‘trust’. By building trust with the communities in which we work, we can grow together.

upOwa

Series A in 2019
upOwa SAS is a company focused on providing solar electricity solutions to off-grid communities, particularly in Africa. Founded in 2014 and headquartered in Jarrie, France, with an additional office in South Africa, upOwa develops, installs, and distributes solar products such as home systems, lamps, and mobile phone chargers. These products offer an affordable alternative to traditional energy sources like candles and kerosene lamps, promoting clean energy access in rural areas. By delivering innovative and sustainable solutions, upOwa aims to drive social and economic improvements within these communities while ensuring environmental sustainability.

Canopy Power

Series A in 2018
Canopy Power Pte. Ltd., founded in 2015 and based in Singapore, specializes in designing, building, and financing renewable energy microgrid solutions tailored for remote and off-grid applications. The company serves customers throughout Southeast Asia and the Pacific, particularly those with limited or no access to reliable electrical grids, such as mining operations, plantation industries, island resorts, and remote communities. Canopy Power’s services encompass engineering, procurement, construction, commissioning, and monitoring of microgrid systems, which integrate solar energy, battery storage, and generators with smart inverters. This approach enables clients to achieve significant cost savings by reducing diesel fuel consumption while also minimizing pollution and carbon dioxide emissions.

Oolu

Series B in 2018
Oolu is the fastest growing off-grid solar company West Africa. Our Vision is to be the leading energy and financial service provider to millions of customers in the developing world. Our model, developed with local communities, allows us to reach off-grid households in rural villages offering them modern energy access. With a monthly payment model reducing barriers to access, as well as maintenance, parts and battery replacements included in our service, we save our clients money and assure them a continuous, dependable source of energy. In Wolof, a national language of Senegal, Oolu means ‘trust’. By building trust with the communities in which we work, we can grow together.

Easy Solar

Seed Round in 2018
Easy Solar is a leading energy distribution company in West Africa, financing high-quality solar products and appliances for those with limited or no access to the conventional grid. Customers can finance their purchase over time by paying in weekly or monthly installments, with the option to pay via cash or mobile money. To date, Easy Solar has reached more than 400,000 beneficiaries, distributed through its extensive network of agents and outlets throughout Sierra Leone and Liberia.

upOwa

Series A in 2018
upOwa SAS is a company focused on providing solar electricity solutions to off-grid communities, particularly in Africa. Founded in 2014 and headquartered in Jarrie, France, with an additional office in South Africa, upOwa develops, installs, and distributes solar products such as home systems, lamps, and mobile phone chargers. These products offer an affordable alternative to traditional energy sources like candles and kerosene lamps, promoting clean energy access in rural areas. By delivering innovative and sustainable solutions, upOwa aims to drive social and economic improvements within these communities while ensuring environmental sustainability.

Solaris Offgrid

Venture Round in 2017
Solaris Offgrid is focused on addressing the energy access gap faced by over one billion people globally who lack clean and affordable electricity. The company designs, manufactures, and installs solar energy systems, employing innovative technology and mobile payment solutions to create a scalable model for energy access in developing regions. Its pay-as-you-go solar home systems provide essential services such as LED lighting, communication, and media, while also facilitating enterprise opportunities and financial access for households and businesses in rural Africa. Additionally, Solaris Offgrid empowers local entrepreneurs by offering the necessary hardware, software, technical expertise, and funding to establish sustainable micro-energy ventures, thereby fostering community development and economic growth.