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

2. 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

3. Filling a market gap

4. 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

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

6. 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

7. $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
$ k equity or convertible debt
Investment

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

9. What we have built so far

10. 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

11. 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

12. 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

13. 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

14. 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

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

16. Forward action plan

17. 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

18. Thank you!
Questions?