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Since 2021, Triodos Investment Management has backed 4 African startups across 2 disclosed funding rounds totaling $38.5M, most heavily in Kenya and Fintech.
Triodos Investment Management is a globally active impact investor and a wholly owned subsidiary of Triodos Bank NV. It operates as a specialist impact investment manager, offering a range of funds and solutions that align with clearly defined sustainable transition themes. The firm is headquartered in the Netherlands, where Triodos Bank is based, and focuses on investments that contribute to a more inclusive and sustainable economy. In Africa, Triodos Investment Management has participated in growth stage financings, including Series A, Series B, venture rounds, and convertible notes. Based on confirmed activity, it has invested in companies in Benin and South Africa, with a particular focus on energy and utilities and financial inclusion. Its African portfolio includes Lula in South Africa, which provides online funding to small and medium enterprises, and MyJouleBox in Benin, which offers pay as you go solar monitoring and off grid power solutions. Across its global portfolio, Triodos Investment Management positions impact investing as a driving force for the transition to a green, inclusive, and resilient economy. It has built long standing expertise in sectors such as energy and climate and financial inclusion, and collaborates with a range of partners through its funds to channel capital toward enterprises that deliver measurable positive social and environmental outcomes.
Data updated · Sep 7, 2026
Triodos Investment Management has backed 4 African startups across 2 disclosed funding rounds tracked on Liners, totaling $38.5M since 2021.
Mostly Series B: 1 of its 2 tracked rounds are at that stage, followed by Venture Round (1).
Companies Triodos Investment Management has backed operate in Kenya (2), Benin (1), Burkina Faso (1), and 5 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 Fintech (3), Energy & Utilities (1).
Triodos Investment Management most often shares rounds with German Investment Corporation (1 shared deal), Lightrock (1 shared deal), Quona Capital (1 shared deal).
Triodos Investment Management is a globally active impact investor and a wholly owned subsidiary of Triodos Bank NV. It manages impact investment funds and solutions that align with defined sustainability themes and contribute to a more inclusive and sustainable economy.
Triodos Investment Management has backed Lula in South Africa, a platform that provides online funding to small and medium enterprises, and MyJouleBox in Benin, a company focused on pay as you go solar monitoring and off grid power. These investments reflect its focus on financial inclusion and sustainable energy solutions in African markets.