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Since 2018, TotalEnergies Carbon Neutrality Ventures has backed 5 African startups across 5 disclosed funding rounds totaling $109.6M, most heavily in Nigeria and Energy & Utilities.
Total Carbon Neutrality Ventures was TotalEnergies’ corporate venture capital arm for energy start-ups. The fund supported start-ups developing technologies and solutions to reduce energy consumption or the carbon intensity of business activities. Its teams were based in Europe and the United States, and it invested globally. The recorded Africa investments span Seed, Series B, and Series D rounds. The five companies listed are SHYFT Power and ZOLAi in Energy & Utilities, LULA and Heetch in Travel & Mobility, and Angaza in Marketing & CRM. The recorded investments cover Nigeria, Kenya, South Africa, Algeria, and Tanzania.
Data updated · Oct 3, 2026
TotalEnergies Carbon Neutrality Ventures has backed 5 African startups across 5 disclosed funding rounds tracked on Liners, totaling $109.6M since 2018.
Mostly Seed: 2 of its 5 tracked rounds are at that stage, followed by Series B (2).
Companies TotalEnergies Carbon Neutrality Ventures has backed operate in Nigeria (3), Côte d'Ivoire (2), Senegal (2), and 11 more markets. Each figure counts the rounds behind companies serving that market, so a company operating in several markets counts in each of them.
Its tracked rounds lean toward Energy & Utilities (2), Travel & Mobility (2), Marketing & CRM (1).
TotalEnergies Carbon Neutrality Ventures most often shares rounds with Powerhouse Ventures (1 shared deal), SoftBank (1 shared deal), Third Sphere (1 shared deal).
The recorded Africa investments include SHYFT Power and ZOLAi in Energy & Utilities, LULA and Heetch in Travel & Mobility, and Angaza in Marketing & CRM.