Factor[e] Ventures

Factor[e] Ventures is a venture development firm focused on early-stage investments in emerging markets, particularly in East Africa and India. Established in 2003 and headquartered in Fort Collins, Colorado, with an office in Nairobi, the firm specializes in supporting entrepreneurs working on innovative solutions in energy, agriculture, mobility, and waste management. Factor[e] Ventures invests between $250,000 and $750,000 in equity, targeting disruptive technologies that can significantly impact access to energy and benefit millions. The firm combines risk capital with technical expertise, actively engaging in the development of its portfolio companies by offering support in technology advising, product development, business planning, and fundraising. By bridging the gap between philanthropic and commercial investors, Factor[e] aims to foster market-driven approaches to sustainable development in rapidly growing markets.

Jamie Doyen

Director of Finance

36 past transactions

SunFi

Seed Round in 2023
SunFi tech solution help people access solar energy with installation and payment plans.

60Hertz Energy

Series A in 2021
60Hertz provides a Maintenance Management Software platform designed specifically for people managing remote energy assets such as microgrids.

Otipy

Series A in 2021
Otipy is an emerging Indian startup and the social commerce venture of farm-to-fork agri-tech startup Crofarm. The platform aims to connect farmers directly to their customers through online channels and vice versa. The goal of the platform is to provide fresh produce directly from the farm, using something called demand harvesting. By using AI-based demand prediction tools, the platform collects historical data to predict the demand for products. This is then used to procure just the right amount of produce, facilitating on-demand harvesting, and thereby ensuring delivery of fresh produce on the same day. Moreover, this also precludes the wastage of food items.

Beacon Power Services

Seed Round in 2022
Beacon Power Services designs and develops energy-management plans for commercial and industrial facilities. The company develops power generation and management plans on the basis of real-time electricity usage information, including peak loads, power costs, utilization by power source, and status of all parts of the system derived from a technology platform. The power generation and management plan includes generator resizing, peak shaving, automation, appliance upgrades, electrical redesign, process management, and renewable generation installation. The company was founded in 2013 and is based in Lagos, Nigeria.

Ferntech

Seed Round in 2019
Ferntech GMBH designs and manufactures micro grid monitoring and control system. The company’s product is Universal Monitoring and Control (UMC) solution, which enables interconnectivity of all components, a cloud server, and a software platform. It serves system operators who use it for analytics and remote control. Ferntech GMBH was formerly known as Infinite Fingers GmbH. Ferntech GMBH was founded in 2016 and is headquartered in Crailsheim, Germany.

Crofarm Agriproducts Pvt Ltd.

Private Placement in 2019
Crofarm Agriproducts Pvt Ltd. distributes farm produce to retailers. The company was founded in 2016 and is based in Gurugram, India.

60Hertz Energy

Seed Round in 2020
60Hertz provides a Maintenance Management Software platform designed specifically for people managing remote energy assets such as microgrids.

Inspirafarms

Private Placement in 2017
InspiraFarms supplies turnkey, modular, and affordable agricultural processing and value addition platform to the small scale fruit, vegetable, and dairy industries that meet global food safety certification and quality standards for the supply of healthy and nutritious food to local and international markets.

Ampersand

Convertible Note in 2019
We catalyze and power mass market electric mobility. By supplying the battery swap network and operating system we make sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug & play powertrain and energy network, we are Africa's leading light e-mobility startup.

60Hertz Inc

Private Placement in 2018
60Hertz Inc designs and develops an mobile application software which assist power plant operators with day to day operations and maintenance tasks. The software provides features such as preventive and predictive maintenance and planning, low operating costs and diesel consumption through data informed decisions, increases operator retention and decreases training costs, provides performance visibility to project owners, fleet managers, and general managers. The company was incorporated in 2016 and is based in Anchorage, Alaska.

Crofarm

Seed Round in 2017
Crofarm aims to make a supply chain that supports farmers and provides businesses with freshest produce in the most efficient manner. At Crofarm, one gets a hands on learning experience and skill development at a place which boasts itself for a perfect blend of state of art technology and actual field work dedicated to the uplifting of Indian farmers at an immediate level and society from a broader perspective.

Sistema.bio

Seed Round in 2015
Sistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer. By inputting the manure in the system on a daily basis, you will be able to develop and grow your activities on the farm, improve your energy security, and protect the environment. Transforming your animals’ manure into resource will provide you with a better quality of life!

Crofarm

Seed Round in 2019
Crofarm aims to make a supply chain that supports farmers and provides businesses with freshest produce in the most efficient manner. At Crofarm, one gets a hands on learning experience and skill development at a place which boasts itself for a perfect blend of state of art technology and actual field work dedicated to the uplifting of Indian farmers at an immediate level and society from a broader perspective.

Crofarm Agriproducts Pvt Ltd.

Private Placement in 2020
Crofarm Agriproducts Pvt Ltd. distributes farm produce to retailers. The company was founded in 2016 and is based in Gurugram, India.

S4S Technologies

Seed Round in 2018
S4S Technologies Private Limited designs and manufactures food processing machines, including dehydrators and freeze dryers. Its machines include Solar Conduction Dryer, HaldiTech, SmartDry, FrostDry , and Solar Grain And Seed Dryer. Its products include dehydrated vegetables, dehydrated fruit candies, and fruit and vegetable powders. Its services include private labelling and contract processing. It serves farmers and food companies. S4S Technologies Private Limited was founded in 2008 and is based in Mumbai, India.

Clean Crop Technologies

Seed Round in 2020
Clean Crop Technologies, Inc. develops a food processing technology for reducing molds, toxins, and pests from grain and nuts. Its food processing technology combines air and electricity to create ionized gases which Removes toxins from grains and nuts without harming food quality; removes molds and pests; and extends shelf-life for perishable foods. The company was incorporated in 2020 and is based in Haydenville, Massachusetts.

Ampersand

Convertible Note in 2016
We catalyze and power mass market electric mobility. By supplying the battery swap network and operating system we make sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug & play powertrain and energy network, we are Africa's leading light e-mobility startup.

HOMER Energy

Seed Round in 2016
The HOMER energy modeling software is a powerful tool for designing and analyzing hybrid power systems, which contain a mix of conventional generators, combined heat and power, wind turbines, solar photovoltaics, batteries, fuel cells, hydropower, biomass and other inputs. It is currently used all over the world by tens of thousands of people. For either grid-tied or off-grid environments, HOMER helps determine how variable resources such as wind and solar can be optimally integrated into hybrid systems. Engineers and non-professionals alike use HOMER to run simulations of different energy systems, compare the results and get a realistic projection of their capital and operating expenses. HOMER determines the economic feasibility of a hybrid energy system, optimizes the system design and allows users to really understand how hybrid renewable systems work. As distributed generation and renewable power projects continue to be the fastest growing segment of the energy industry, HOMER can serve utilities, telecoms, systems integrators, and many other types of project developers - to mitigate the financial risk of their hybrid power projects.

Gateway.fm

Seed Round in 2023
Gateway.fm is a global distributed multi-chain architecture decentralized blockchain infrastructure node. A multi-chain gateway and regionally dispersed enterprise architecture provided by the company allow Web3 projects to scale without devoting resources to setting up or maintaining servers.

enee.io

Pre Seed Round in 2022
enee.io designs and develops battery monitoring systems that make both users and suppliers of renewable power systems more profitable.

S4S Technologies

Venture Round in 2020
S4S Technologies Private Limited designs and manufactures food processing machines, including dehydrators and freeze dryers. Its machines include Solar Conduction Dryer, HaldiTech, SmartDry, FrostDry , and Solar Grain And Seed Dryer. Its products include dehydrated vegetables, dehydrated fruit candies, and fruit and vegetable powders. Its services include private labelling and contract processing. It serves farmers and food companies. S4S Technologies Private Limited was founded in 2008 and is based in Mumbai, India.

Redavia

Venture Round in 2019
REDAVIA GmbH offers rental solar farms for businesses and communities in East and West Africa. The company offers solar generation modules and energy storage modules. It serves various markets, including agro-foods processing, mining and minerals, manufacturing, hospitality and real estate, service infrastructure, utilities, and communities. The company is based in Munich, Germany.

SENTRY

Seed Round in 2021
SENTRY is a Canada-based company serving a global customer base with its biological monitoring platform designed to provide real-time insights to operators enabling them to optimize water and wastewater treatments.

Roam

Seed Round in 2021
Opibus is an e-mobility manufacturing and development company aiming on accelerating a transition to sustainable mobility in emerging markets. The company has headquarters in Stockholm, Sweden and Nairobi, Kenya with a team of >65 persons. The products developed cover proprietary EV powertrains (i.e. conversion systems), electric motorcycles, various types of power generation systems and charging infrastructure. Products have been manufactured and deployed in all customer segments since 2017 in various markets.

Betteries

Seed Round in 2021
Betteries uses deep technology know-how and frontier market experience to deliver mobile and affordable power. Betteries is a multipurpose power system. Each Betteries system can store 3 kWh to 12 kWh of energy, offers fast charging capability, and can flexibly deliver up to 5 kW of electric DC as well as AC power. Betteries are modular in configuration to be stacked horizontally or vertically and can be charged by a variety of energy sources. Smart electronics including Wi-fi and GPS enables Betteries systems to be remotely monitored and controlled through an IoT platform. Rugged and water-proof, Betteries offers solutions for e-mobility, off-grid productive use, and on-grid backup power.

Clean Crop Technologies

Private Placement in 2020
Clean Crop Technologies, Inc. develops a food processing technology for reducing molds, toxins, and pests from grain and nuts. Its food processing technology combines air and electricity to create ionized gases which Removes toxins from grains and nuts without harming food quality; removes molds and pests; and extends shelf-life for perishable foods. The company was incorporated in 2020 and is based in Haydenville, Massachusetts.

S4S Technologies

Private Placement in 2020
S4S Technologies Private Limited designs and manufactures food processing machines, including dehydrators and freeze dryers. Its machines include Solar Conduction Dryer, HaldiTech, SmartDry, FrostDry , and Solar Grain And Seed Dryer. Its products include dehydrated vegetables, dehydrated fruit candies, and fruit and vegetable powders. Its services include private labelling and contract processing. It serves farmers and food companies. S4S Technologies Private Limited was founded in 2008 and is based in Mumbai, India.

Ampersand

Seed Round in 2018
We catalyze and power mass market electric mobility. By supplying the battery swap network and operating system we make sustainable mobility rapidly accessible and affordable for developing markets, to improve livelihoods and the environment. With over a million km already covered by e-motorcycles in Africa using our plug & play powertrain and energy network, we are Africa's leading light e-mobility startup.

Inspirafarms

Series A in 2017
InspiraFarms supplies turnkey, modular, and affordable agricultural processing and value addition platform to the small scale fruit, vegetable, and dairy industries that meet global food safety certification and quality standards for the supply of healthy and nutritious food to local and international markets.

Ferntech

Private Placement in 2019
Ferntech GMBH designs and manufactures micro grid monitoring and control system. The company’s product is Universal Monitoring and Control (UMC) solution, which enables interconnectivity of all components, a cloud server, and a software platform. It serves system operators who use it for analytics and remote control. Ferntech GMBH was formerly known as Infinite Fingers GmbH. Ferntech GMBH was founded in 2016 and is headquartered in Crailsheim, Germany.

SparkMeter

Seed Round in 2014
SparkMeter offers comprehensive low-cost metering solutions for everything from rural micro-grids to existing urban central grid utilities. Our products help make access to electricity possible in hard-to-reach places and underserved markets.

Apollo Agriculture

Seed Round in 2016
Apollo helps farmers in emerging markets maximize their profits. We use agronomic machine learning, remote sensing, and mobile phones to deliver a customized package of credit, high-quality farm inputs, and advice that can double farm yields, starting in Kenya. Apollo assesses farmer credit risk and customizes each package to a farmer's specific location using satellite data, soil data, farmer behavior data and crop yield models. Our team team brings together tech and operations experience from The Climate Corporation (acquired for ~$1B), Tesla, and One Acre Fund.

Inspirafarms

Convertible Note in 2024
InspiraFarms supplies turnkey, modular, and affordable agricultural processing and value addition platform to the small scale fruit, vegetable, and dairy industries that meet global food safety certification and quality standards for the supply of healthy and nutritious food to local and international markets.