Kenya Climate Ventures Providing catalytic capital to Kenya’s next generation of climate tech entrepreneurs StARCK+ Conference

Building successful companies What we have built Future action plan Background Filling a market gap Building successful companies What we have built Future action plan 2

Filling a market gap

International PE investors Kenya Climate Ventures closes a crucial market gap Invest commercially Are local and invest in local businesses Impact Investors Donors DFIs AECF International PE investors Local PE investors Kenyan SME funds Gov. support programs Almost two thirds of total capital goes to foreign founders Less than a quarter of investments made by local investors Climate Focus Invest in early-stage businesses

By pioneering an innovative vehicle for investing in early-stage climate entrepreneurs Catalyze climate investments Pioneer investment model Strategic financial partner

Business model validation We work with companies at a key juncture in their life cycle to accelerate their growth trajectory Ideation Business model validation Scale Resources required Resources available

$300-500k equity or convertible debt We are developing a model that combines risk capital with venture acceleration support Convert to equity Keep as debt Follow-on Early stage follow-on Co-funders Incubators Accelerators Venture Acceleration Governance & ESG $300-500k equity or convertible debt Investment

Success depends on a strong network of partners that we are currently building Pipeline Co-funding Follow-on Deal support

What we have built so far

A strong pipeline of climate entrepreneurs from the energy and agriculture sector 3 deals closed Deal Screening (>140) Commercial Due Diligence (>20) Legal & Fiduciary Due Diligence Refer company to pre-investment program Post-Investment TA program 3 deals are currently in legal DD, targeting 10 closed by June 30 Deals screened include: Solar product distributors Mini-grid operators Briquette manufacturers PAYGO soft & hardware Off-grid cool chain solutions Fish farming Forest conservation Animal feed from larvae Value Proposition Mandate Fit

Reducing water useage in arid areas and increasing farm yield and quality Hydroponics Africa Manufactures and markets hydroponic farming systems USD 350k convertible loan Post-investment focus: Executive coaching Governance Business model validation Consumer finance

High value-added, drought resistant Moringa seed processing Kilifi Moringa Sourcing from smallholder farmers and producing oil and other value added products for export USD 500k convertible loan Post-investment focus: Production upgrading Formalising sales channels Commercialising value-added products from waste seed cake

Flexible and affordable biogas digesters with superior performance for cooking and soil fertilizing Sistema Biobolsa Kenya Kenyan subsidiary of a Mexican company expanding to Africa USD 350k convertible loan Post-investment focus: Design and fund consumer finance pilot Improve operational efficiency Broaden range of add-on appliances

Bio pesticides production Solar irrigation systems Further investment opportunities under due diligence Energy Energy-Ag Nexus Agriculture Ethanol cookstoves Bio pesticides production Energy efficiency Solar irrigation systems Organic FMCG Solar roofing tiles

Flying the plane while building it has taught us some valuable lessons no pitch-decks C blended finance B ecosystem A simplicity

Forward action plan

KCV will continue to validate its thesis and develop out its company building function before going to market Today June 30 2019 Fundraise Develop post-investment TA program Refine program components Build bench of experts Validate model (complete pilot) Fully invest USD 3.2m 10 investments 4 co-investments Additional funding >USD2.5m

Thank you! Questions?