About Us
Persistent is Africa’s Climate Venture Builder. Since our inception in 2012, we have partnered with entrepreneurs to build early-stage climate businesses through a combination of investment and Persistent’s unique customized Venture Building. Our work supports innovators driving Africa’s Energy, Resource and Agricultural Transitions.
Today, we support climate start-ups through the Persistent Africa Climate Venture Builder Fund (Persistent ACV Fund), a $70 million target early-stage climate fund focused on Africa. The Persistent ACV Fund offers Persistent’s Venture Building to qualifying portfolio companies through our Venture Building Facility.
Persistent is a diverse team of 25+ people from 11 nationalities. 80 percent of Persistent’s team is based in Africa, 60 percent is African, and 60 percent is women. Our team is spread across Nairobi, Lagos, Senegal, New York, and Zurich, and united by a shared commitment to climate impact, entrepreneurship, and building sustainable businesses across Africa.
Partners and Investors
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Established in 1951, Kyushu Electric Power Company and its affiliates (“Kyuden Group”) has supported the lives and business development of people in Kyushu region, acting as an integrated energy company performing fuel supply, power generation / transformation / transmission / distribution and electricity retailing. Kyuden International Corporation is the overseas business arm of Kyuden Group. Utilizing the technologies and know-how of the Kyuden Group, the company will steadily promote the development of renewable energy in Japan and overseas to contribute to the realization of carbon neutrality. The aim is to be a corporate group that can lead the change toward the decarbonization from Kyushu in Japan.
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JICA, an incorporated administrative agency in charge of administering Japan’s Official Development Assistance (ODA), is one of the world’s largest bilateral development agencies. JICA aims to contribute to the promotion of international cooperation as well as the sound development of Japanese and global economy by supporting the socioeconomic development, recovery or economic stability of developing regions. JICA provides bilateral development cooperation through Technical Cooperation, Grant Aid, ODA Loans, and Private Sector Investment Finance (PSIF) in an integrated manner. Through partnerships with various stakeholders, including governments, private corporates, financial institutions, and development finance institutions, JICA is generating tangible development impact around the world.
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FSD Africa Investments (FSDAi) is a specialist financial sector investor established by FSD Africa and the UK's FCDO to strengthen and deepen Africa's financial markets. We bridge critical funding gaps by investing patient, risk-bearing capital in novel financial instruments, facilities, and intermediaries. Our strategic investments take on early risk, test new models and catalyse capital from others to gradually transition the financial sector to finance Africa’s economic resilience and growth. To date, FSDAi has committed £89.7 million from its £309m capital commitment to 20 investments, and has successfully exited two investments, one at 2x money.
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Nordic Development Fund (NDF) is a joint Nordic international finance institution (IFI), established in 1988 by the five Nordic countries - Denmark, Finland, Iceland, Norway, and Sweden. NDF’s work focuses on the nexus between climate change and development in lower-income countries and countries in fragile situations, with a particular emphasis on Sub-Saharan Africa. As a concessional investor, NDF supports early-stage initiatives that can deliver scalable climate impact.
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The Soros Economic Development Fund The Soros Economic Development Fund is the impact investing arm of the Open Society Foundations. SEDF deploys patient, risk tolerant, and catalytic capital to support vibrant, inclusive and sustainable democracies around the world.
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The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 34 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its fifty-four regional member states. Sustainable Energy Fund for Africa (SEFA) SEFA is a multi-donor Special Fund managed by the African Development Bank that provides catalytic finance to unlock private sector investments in utility-scale renewable energy generation, as well as grid infrastructure and energy storage, green minigrids and energy efficiency, to contribute to universal access to affordable, reliable, sustainable, and modern energy services, in line with the New Deal on Energy for Africa and Mission 300.
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Shell Foundation is an independent UK-registered charity established by the Shell Group in 2000 to create and scale new solutions to global development challenges. They apply business thinking to major social and environmental issues linked to the energy sector, and seek to leverage the skills and networks of Shell where possible to deliver greater development impact.
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Dream Project Incubators (DPI) is a development/investment firm focusing on utility-scale solar and off-grid and microgrid renewable energy projects, especially where no electricity access is available, leveraging its ability to deploy early risk capital, financing and technological expertise, relationships in the region, agility of decision making and project execution. DPI is delighted to support startups and investment firms, which are dedicated to creating better places on this planet.
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Impact Fund Denmark is Denmark’s development finance institution, investing in sustainable growth and high‑impact solutions across developing countries. With over 50 years of experience, DKK 18.1 billion in capital under management, and more than 1,300 investments in developing and emerging markets, IFDK mobilises public and private capital to drive climate action, inclusive economic growth, and resilient societies. Through its Venture Capital mandate, IFDK provides risk‑tolerant, patient capital to early‑stage companies and venture capital funds, helping unlock growth potential and scale solutions that deliver meaningful impact.
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The Cottier Donzé Foundation is a non-profit organization set up under Swiss law, providing grants to projects creating social change, with a special focus on girl empowerment. The assets of the foundation are exclusively invested in Impact Investments in developing countries and ESG mandates.