Energy Access Ventures (EAV) and Lion’s Head Global Partners will partner on a second Africa-focused venture capital fund focused on clean-tech, new generation climate (resource) efficient business and related B2B and B2C businesses.
Energy Access Ventures operates as an early-stage investment fund in Africa. Its first fund (EAV I) was raised in February 2015 and is €75,000,000 in size with 14 portfolio companies and 1 exit.
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EAV managing partner Paras Patel said they are thrilled to be joining forces with the Lion’s Head team. “We have worked with the team for over six years on many transactions and admire and respect their pragmatic yet rigorous approach to doing business. Not only do they bring a wealth of experience across emerging markets but they are committed to a productive low climate transition and therefore we see many synergies and long-term vision alignment,” said Patel.
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Lion’s Head is a frontier and emerging markets-focused investment bank with two principal business lines: asset management and investment banking. The firm manages around $600m of assets across four African credit funds with a focus on renewable energy, decarbonisation, and capital markets. The banking business works in Africa, the Middle East, and Asia, focusing primarily on energy transition, infrastructure, healthcare and sovereign finance.
For their part, Clemens Calice, co-CEO of Lion’s Head, said they are excited to partner with EAV on the new fund: “EAV has built a strong portfolio on the continent in new industries and have in-depth experience working with early-stage business to grow to the next level.”
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