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Ambo Ventures is an Africa-focused impact venture capital firm founded to combat the climate crisis by supporting local entrepreneurs. Established with a $50 million fund, the firm aims to bring innovative ideas to fruition, particularly in regions heavily affected by climate change. The organization operates primarily in sub-Saharan Africa, with a strong emphasis on sustainability and economic empowerment.
The firm has a dedicated team that includes experienced professionals from various sectors, including technology and finance. Ambo Ventures is committed to fostering self-sustaining ecosystems that drive meaningful change within local communities. Their notable milestones include investments in key sectors such as biotechnology, energy, and waste management, which are critical to addressing climate-related challenges.
Ambo Ventures invests in early-stage entrepreneurs who are addressing climate change, particularly in sub-Saharan Africa. The firm targets sectors such as biotechnology, sustainable agriculture, electric vehicles, and waste management. Their investment strategy emphasizes solutions that promote sustainability and economic empowerment, aiming to support effective initiatives in regions that are often overlooked.
The firm typically engages in Series A and B funding rounds, with opportunistic seed investments as well. Ambo Ventures focuses on thematic areas including climate crisis mitigation, biodiversity protection, and women’s economic empowerment. They seek to identify startups that not only provide financial returns but also contribute positively to the environment and local communities.
Ambo Ventures has made several notable investments in companies that align with their mission to combat climate change. Key portfolio companies include:
These companies exemplify Ambo Ventures' commitment to supporting startups that address critical climate challenges while fostering economic growth in Africa.
Loic Amado: Co-founder of Ambo Ventures, Loic previously served as the General Manager for East Africa at Uber, where he drove significant growth across the continent, including a tenfold increase in delivery operations.
Jade Bouhmouch: Co-founder with a background in managing a $1.2 billion public equity fund. Jade has advised numerous startups on fundraising and corporate finance and played a key role in building Google's Sustainable Development Goals Accelerator.
Mark Kuria: Kenya Venture Partner at Ambo Ventures, Mark has extensive experience in early-stage investments in Kenya, achieving over 40% IRR for family office investments in the region.
To pitch to Ambo Ventures, founders should visit their website at ambo.vc. A well-structured pitch deck should include an overview of the business model, market opportunity, and the specific impact of the solution on climate change. Ambo Ventures values clarity and detail in presentations.
Response times may vary, but founders are encouraged to follow up if they do not receive a timely response. Warm introductions are preferred, as they can enhance the likelihood of engagement.
As of April 2023, Ambo Ventures continues to actively invest in climate-focused startups across Africa. Their recent investments include notable companies such as Roam Motors and Opibus, which are making strides in the electric vehicle and e-mobility sectors.
The firm remains committed to its mission of supporting local entrepreneurs and addressing the climate crisis through innovative solutions. Their $50 million fund is aimed at fostering sustainable development in regions heavily impacted by climate change.
What are Ambo Ventures' investment criteria?
Ambo Ventures focuses on early-stage startups that address climate change, particularly in sub-Saharan Africa. They look for innovative solutions in sectors such as biotechnology, sustainable agriculture, electric vehicles, and waste management.
How can I apply or pitch to Ambo Ventures?
Founders can pitch their ideas through the Ambo Ventures website at ambo.vc. It is recommended to include a clear business model, market analysis, and the impact of the proposed solution on climate change.
What makes Ambo Ventures different from other investors?
Ambo Ventures is uniquely focused on the African market, specifically targeting local entrepreneurs who are developing solutions to combat climate change. Their emphasis on sustainability and economic empowerment sets them apart from traditional venture capital firms.
What is the geographic scope of Ambo Ventures?
The firm primarily invests in Kenya, Morocco, and Nigeria, but they also consider opportunities across broader sub-Saharan Africa.
What is the typical check size for investments?
Ambo Ventures typically invests in Series A and B rounds, with check sizes aligned with the African tech market standards.
What kind of support do portfolio companies receive?
Ambo Ventures provides strategic guidance, access to networks, and operational support to help portfolio companies navigate the challenges of scaling sustainable solutions in the African market.
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