The EchoVC Eco Pilot Fund I is the newest pre-seed fund vehicle from EchoVC, a seed and early-stage technology venture capital firm that invests in underrepresented founders and underappreciated industries. The fund will support startups in the energy and climate sectors.
At the moment, EchoVC operates out of offices in Lagos, Nairobi, New York, and London and has a portfolio of over 70 startups. Its goal is to serve as Sequoia Capital for markets and innovators that are underserved.
Among the sectors and themes that EchoVC invests in are smart planet, education, healthcare, agriculture, climate change, energy, artificial intelligence, financial services, mobility, media, connectivity, and media and commerce.
The $2.5 million EchoVC Eco Pilot Fund I is a “pilot” fund that seeks to identify and assist climate, energy, transportation, and agriculture-related startups. Its investment objective is to invest in these most promising pre-seed companies.
“Our Eco Pilot Fund I is a deliberate first-step project aimed at addressing the funding shortage in particular impact-focused sectors and their corresponding value chains, not just any fund. According to Taiwo Kamson, principal of EchoVC, “We think that by concentrating on these areas, we can have a long-lasting effect on the growth and development of innovative solutions around agriculture, climate, and energy.”
The organization launched the fund as an effort to help early-stage companies grow and innovate by offering solutions that can boost profits for all parties.