Venture capital firm
Catalyst Fund
Catalyst Fund is a Nairobi-based venture capital firm and venture builder dedicated to supporting early-stage entrepreneurs who are building solutions for a climate-resilient future in Africa. Originally founded in 2015 as a global accelerator for inclusive fintech (managed by BFA Global and supported by the Bill & Melinda Gates Foundation), it transitioned in 2022 into a dedicated equity fund focused on climate adaptation. The firm adopts a high-touch "venture-building" model, providing startups with both catalytic capital and bespoke, hands-on support from a team of specialist operators in product, tech, data, and marketing. The firm is structured to address the critical funding and skills gaps in emerging markets, focusing on startups that improve the resilience of vulnerable communities. Based in Kenya, Catalyst Fund operates as a General Partner that blends concessional and commercial capital to de-risk pre-seed tech companies.
Investment focus
- Sectors
- Financial servicesEnergy and powerTechnologyManufacturing and industrials
- Stages and strategies
- Pre-seedSeed
- Instruments
- EquityMezzanine
- Regions
- Pan-African
- African markets named in public materials
- Kenya
Funds managed
Selected portfolio and direct investments
- 22 Mobility Maroc SARL
- Bekia Egypt For E-Commerce S.A.E
- Biochar Industrial Group Inc.
- Medikea Afya App Limited
- The NoorNation for Renewable Energy LLC
Recent investments and transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 28 Oct 2026 | Linah Farms, Catalyst Fund and KBW Ventures invest USD 1.05 million in NoorNation | Venture Capital | $1.1m | Egypt |
| 26 Oct 2026 | Baobab Network, Catalyst Fund, and partners invest USD 1.2 million in Medikea's operations in Tanzania | Venture Capital | $1.2m | Tanzania |
| 17 Sep 2026 | Breega, Catalyst Fund and the Mulago Foundation invest USD 1.5 million in Biochar Industrial Group (BIG) operations in Africa | Venture Capital | $1.5m | Nigeria |
| 11 Sep 2026 | Madica, Catalyst Fund and Jambaar Capital invest USD 765k in Bekia's operations in Egypt | Venture Capital | $765,000 | Egypt |
| 28 Jan 2026 | Azur Innovation Fund, Witamax, MFounders, Catalyst Fund and Digital Africa's Investment in Enakl's Operations in Morocco for USD 2.3 Million | Venture Capital | $2.3m | Morocco |
Sources
- Partner Researchers, accessed 14 November 2026