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Since 2022, Equal Ventures has backed 1 African startup across 6 disclosed funding rounds totaling $59.2M, most heavily in Nigeria and Energy & Utilities.
Equal Ventures is an early stage venture capital firm headquartered in New York City. According to its official materials, the firm is thesis driven and focused on “bridging the digital divide” by backing technology enabled businesses that transform legacy industries. Equal Ventures is led by co founders and general partners Rick Zullo and Richard Kerby. In Africa, Equal Ventures has been an active investor in the energy and utilities sector, particularly in Nigeria. Investment records show that between July 2022 and December 2024 the firm participated in six funding rounds for Odyssey Energy Solutions, a company that helps finance, procure, and manage distributed renewable energy projects. These rounds span seed, Series A, and a later venture round, highlighting Equal Ventures’ willingness to support portfolio companies across multiple stages. Equal Ventures frequently invests alongside other climate and technology focused funds in Africa, partnering with firms such as Founder Collective, Twelve Below, Abstract Ventures, Union Square Ventures, MCJ Collective, Climate Venture Capital, Transition VC, Equator VC, and Climate Capital in its Nigeria based Odyssey Energy Solutions rounds. This pattern underscores the firm’s collaborative approach and its interest in scaling distributed renewable energy solutions in emerging markets.
Data updated · Jul 31, 2026
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Equal Ventures has backed 1 African startup across 6 disclosed funding rounds tracked on Liners, totaling $59.2M since 2022.
Mostly Seed: 3 of its 6 tracked rounds are at that stage, followed by Series A (2).
Equal Ventures's tracked rounds are concentrated in Nigeria (6).
Its tracked rounds lean toward Energy & Utilities (6).
Equal Ventures most often shares rounds with Founder Collective (5 shared deals), Twelve Below (5 shared deals), Abstract Ventures (5 shared deals).
Equal Ventures is an early stage venture capital firm based in New York City. Its official materials describe a thesis driven focus on bridging the digital divide by backing technology enabled companies that transform legacy industries.
