GAIA Impact Fund

GAIA Impact Fund is a venture capital firm that specializes in renewable energy, focusing on building long-term partnerships with startups in Sub-Saharan Africa and South-East Asia. With a strong environmental and social focus, the firm supports businesses that provide sustainable and affordable energy to local communities. GAIA Impact Fund also works to promote technological innovations and business models that facilitate the widespread adoption of renewable energy in regions where energy mixes are highly carbonized.

19 past transactions

Agros

Series A in 2025
Agros is an ag-tech company focused on promoting sustainable farming practices that enhance both profitability and environmental responsibility. By aggregating various low-carbon technologies and solar-powered irrigation systems, Agros aims to address critical issues such as fuel dependency and soil degradation. The company offers a comprehensive suite of products and services, including affordable finance, insurance, advisory support, and market access, to help farmers improve their yields and reduce carbon emissions. Agros is dedicated to doubling the income of millions of farmers while contributing to a significant reduction in annual carbon emissions, thereby fostering a more sustainable agricultural ecosystem.

Beacon Power Services

Series A in 2024
Beacon Power Services, founded in 2013 and based in Lagos, Nigeria, specializes in energy management solutions for commercial and industrial facilities. The company employs a data-driven approach, utilizing its AI-enabled grid management platform, Adora, to provide real-time visibility into network performance for power distribution companies. This software connects to utility assets and customer nodes, enabling energy providers to anticipate outages, identify network losses, and enhance electricity distribution efficiency. Beacon Power Services develops comprehensive power generation and management plans tailored to clients' specific needs, incorporating generator resizing, peak shaving, automation, appliance upgrades, and renewable generation installations. The company's mission is to improve the quality and reliability of electricity supply in African cities by building smart grids and addressing inefficiencies in electricity distribution systems, ultimately reducing energy costs for its clients.

ecoligo

Venture Round in 2024
Ecoligo GmbH, founded in 2016 and based in Berlin, Germany, operates a crowd-investing platform that finances sustainable solar energy projects in emerging markets. The company provides low-cost solar energy solutions to local businesses while addressing the financing gap that often hinders the implementation of such projects. By leveraging contributions from environmentally conscious investors, Ecoligo enables businesses to install solar systems without upfront costs, allowing them to benefit from financial savings and sustainable growth. The solar-as-a-service model not only helps businesses reduce their carbon footprint but also contributes to the fight against climate change by generating economic and environmental returns. Ecoligo's approach fosters the development of clean energy infrastructure in fast-growing economies, promoting a more sustainable future.

Nuru

Series B in 2023
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.

Agros

Seed Round in 2023
Agros is an ag-tech company focused on promoting sustainable farming practices that enhance both profitability and environmental responsibility. By aggregating various low-carbon technologies and solar-powered irrigation systems, Agros aims to address critical issues such as fuel dependency and soil degradation. The company offers a comprehensive suite of products and services, including affordable finance, insurance, advisory support, and market access, to help farmers improve their yields and reduce carbon emissions. Agros is dedicated to doubling the income of millions of farmers while contributing to a significant reduction in annual carbon emissions, thereby fostering a more sustainable agricultural ecosystem.

Candi

Series B in 2022
Candi is a solar company that specializes in small-scale commercial and industrial rooftop solar battery solutions. It offers installation and operational services to help clients harness solar energy effectively. By providing solar and storage services at competitive prices, Candi enables businesses and individuals to reduce their energy costs while simultaneously lowering their carbon footprint. The company's focus on delivering long-term value and liquidity supports a sustainable energy transition for its clients.

Candi

Venture Round in 2022
Candi is a solar company that specializes in small-scale commercial and industrial rooftop solar battery solutions. It offers installation and operational services to help clients harness solar energy effectively. By providing solar and storage services at competitive prices, Candi enables businesses and individuals to reduce their energy costs while simultaneously lowering their carbon footprint. The company's focus on delivering long-term value and liquidity supports a sustainable energy transition for its clients.

MyJouleBox

Series A in 2021
MyJouleBox is a company focused on providing solar energy solutions in Africa, specifically targeting off-grid areas. It enables solar professionals to offer leased solar installations to their customers, facilitating access to affordable solar energy. The company's technology encompasses a variety of solar hardware setups, including solar home systems and larger backup systems for commercial clients. MyJouleBox also implements a pay-as-you-go system, allowing semi-urban households and small to medium enterprises to benefit from renewable energy without the burden of upfront costs.

Innovex

Seed Round in 2021
Innovex is focused on revolutionizing the distribution of off-grid solar energy systems and equipment by utilizing digital tools and embedded technology. The company provides a range of services, including the design, manufacturing, and installation of these energy systems. Additionally, Innovex offers a cloud-based IoT service that allows for remote monitoring and management of solar energy systems. This technology enables installers and distributors to enhance their operations and scale effectively, contributing to the broader adoption of renewable energy solutions.

Watcha

Venture Round in 2020
WATCHA, Inc. is a South Korean company that specializes in online interactive media services, primarily through its movie and TV series recommendation application. Launched in 2012, WATCHA quickly gained popularity in Korea as a leading movie review app, leveraging personalized recommendation technology to suggest films based on user ratings. The platform not only offers extensive movie and TV show reviews but also includes WATCHA PLAY, a subscription-based video-on-demand service launched in 2016. This service is accessible on various devices, including web browsers, mobile applications, and smart TVs. With a strong focus on accurate content recommendations, WATCHA claims that 75% of the content consumed on its platform is based on user-generated recommendations. The company, headquartered in Seoul, has also expanded its offerings to Japan, enhancing its position in the competitive media landscape.

Oolu

Series B in 2020
Oolu Inc. is a rapidly growing company specializing in solar home systems, providing installation, technical support, and maintenance services to households in West Africa, primarily from its base in Dakar, Senegal. With an additional office in San Francisco, the company aims to deliver affordable and reliable energy solutions to off-grid communities, particularly in rural and peri-urban areas. Oolu's solar home systems typically include adjustable lighting and USB charging capabilities, powered by batteries with a six-hour charge capacity. The company employs a monthly payment model to minimize financial barriers for customers, ensuring access to modern energy solutions while incorporating maintenance and battery replacement services. By fostering trust within local communities, Oolu strives to enhance energy access and improve the quality of life for its users.

PerMeal

Series B in 2020
PerMeal is an online food ordering platform that specializes in providing a wide range of food products directly from domestic farmers. The company's offerings include rice, grains, nuts, fruits, vegetables, seafood, meat, eggs, snacks, meal kits, side dishes, and various condiments and beverages. By connecting customers with specialty foods, PerMeal ensures that consumers can conveniently receive fresh and diverse cuisines delivered straight to their doorstep.

upOwa

Series A in 2019
upOwa is a social business focused on providing innovative solar home systems to off-grid communities in Africa, aiming to deliver clean and affordable electricity. By offering an alternative to traditional energy sources like candles and kerosene lamps, upOwa's solutions not only eliminate pollution and health risks but also foster significant social and economic improvements within these communities. The company's approach combines financial viability with environmentally friendly practices, promoting sustainable development and empowering local populations.

Nuru

Series A in 2019
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.

Canopy Power

Series A in 2018
Canopy Power specializes in providing optimized renewable energy microgrid solutions to customers in Southeast Asia and the Pacific, particularly in areas lacking reliable access to electrical grids. The company designs, builds, and finances these systems, which integrate solar energy, batteries, and generators with smart inverters. This approach allows clients, including remote industries such as mining, plantations, island resorts, and off-grid communities, to achieve significant cost savings by reducing their reliance on diesel fuel. Additionally, Canopy Power's solutions contribute to lower pollution and carbon dioxide emissions, aligning with global sustainability goals.

Oolu

Series B in 2018
Oolu Inc. is a rapidly growing company specializing in solar home systems, providing installation, technical support, and maintenance services to households in West Africa, primarily from its base in Dakar, Senegal. With an additional office in San Francisco, the company aims to deliver affordable and reliable energy solutions to off-grid communities, particularly in rural and peri-urban areas. Oolu's solar home systems typically include adjustable lighting and USB charging capabilities, powered by batteries with a six-hour charge capacity. The company employs a monthly payment model to minimize financial barriers for customers, ensuring access to modern energy solutions while incorporating maintenance and battery replacement services. By fostering trust within local communities, Oolu strives to enhance energy access and improve the quality of life for its users.

Easy Solar

Seed Round in 2018
Easy Solar is a prominent energy distribution company focused on providing solar solutions to off-grid communities in West Africa, particularly in Sierra Leone and Liberia. The company offers high-quality solar products, such as solar lanterns and solar home systems, aimed at individuals with limited or no access to traditional electricity. Customers can finance their purchases through affordable payment plans, which include an initial deposit followed by weekly or monthly installments, with payment options available via cash or mobile money. Since its inception, Easy Solar has positively impacted over 400,000 beneficiaries, leveraging a vast network of agents and outlets to ensure accessibility and convenience for its clients.

upOwa

Series A in 2018
upOwa is a social business focused on providing innovative solar home systems to off-grid communities in Africa, aiming to deliver clean and affordable electricity. By offering an alternative to traditional energy sources like candles and kerosene lamps, upOwa's solutions not only eliminate pollution and health risks but also foster significant social and economic improvements within these communities. The company's approach combines financial viability with environmentally friendly practices, promoting sustainable development and empowering local populations.

Solaris Offgrid

Venture Round in 2017
Solaris Offgrid addresses the critical issue of energy poverty, particularly in rural Africa, where over a billion people lack access to clean and affordable electricity. The company develops and installs solar energy systems that leverage smart technology and mobile payment solutions. Its pay-as-you-go solar home system provides households and businesses with essential services such as LED lighting, communication, and media access, as well as opportunities for enterprise and financial services. By offering an integrated and affordable energy solution, Solaris Offgrid empowers local entrepreneurs, equipping them with the necessary hardware, software, and technical expertise to establish and sustain micro-energy ventures. Through this model, Solaris Offgrid not only enhances energy access but also fosters economic development in low-income communities.
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