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Since 2021, Third Sphere has backed 2 African startups across 3 disclosed funding rounds totaling $4.1M, most heavily in South Africa and Energy & Utilities.
Third Sphere is a climate focused venture capital firm that invests in early stage companies building solutions for climate and global system transformation. The firm was founded in 2013 and operates from the United States, with roots in New York City. Third Sphere focuses on hardware enabled solutions, typically with software components, that address challenges across energy, infrastructure, transportation, water, agriculture, and resilience. In Africa, Third Sphere has participated in at least three funding rounds between April 2021 and July 2024, investing a total of 4.1 million dollars. The firm has backed SHYFT Power in Nigeria at the seed stage and Plentify in South Africa in venture rounds, all within the energy and utilities sector. These investments indicate an interest in distributed energy, grid modernisation, and residential energy efficiency solutions in key African markets such as South Africa and Nigeria. Third Sphere often invests alongside other specialist and impact oriented funds, partnering with investors such as TELUS Pollinator Fund for Good, Susquehanna Foundation, Fireball Capital, E3 Capital, Powerhouse Ventures, SoftBank, LoftyInc Capital, and TotalEnergies Carbon Neutrality Ventures. This co investment activity reflects a collaborative approach to climate tech investing that leverages aligned capital to support founders working on scalable climate impact in emerging markets.
Data updated · Jul 30, 2026
Third Sphere has backed 2 African startups across 3 disclosed funding rounds tracked on Liners, totaling $4.1M since 2021.
Mostly Venture Round: 1 of its 3 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Third Sphere's tracked rounds are concentrated in South Africa (2), Nigeria (1).
Its tracked rounds lean toward Energy & Utilities (3).
Third Sphere most often shares rounds with TELUS Pollinator Fund for Good (2 shared deals), Susquehanna Foundation (2 shared deals), Fireball Capital (2 shared deals).
Based on disclosed rounds, Third Sphere has invested in SHYFT Power in Nigeria and Plentify in South Africa. These deals span seed and venture stages and are all in the energy and utilities sector, reflecting a focus on distributed energy and residential energy efficiency solutions in African markets.
Third Sphere frequently co invests with other climate and impact oriented investors in African deals. In the rounds for Plentify and SHYFT Power, co investors have included TELUS Pollinator Fund for Good, Susquehanna Foundation, Fireball Capital, E3 Capital, Powerhouse Ventures, SoftBank, LoftyInc Capital, and TotalEnergies Carbon Neutrality Ventures.
