EchoVC, a seed and early-stage technology venture capital firm focusing on investing in underserved founders and overlooked industries, has launched its latest pre-seed fund vehicle, EchoVC Eco Pilot Fund I, which will invest in climate and energy startups.
Currently, EchoVC has a portfolio of over 70 startups and operates out of offices in Lagos, Nairobi, New York, and London. Its objective is to act as Sequoia Capital for underrepresented innovators and markets.
Smart planet, education, healthcare, agriculture, climate, energy, artificial intelligence, financial services, mobility, media, connectivity, and media and commerce are just a few of the industries and themes that EchoVC invests in.
Investing in the most promising pre-seed firms affecting the future of climate, energy, agriculture, and mobility is the goal of the $2.5 million EchoVC Eco Pilot Fund I, a “pilot” fund that aims to find and support these industries.
“Our Eco Pilot Fund I is not just any fund, but a strategic first-step initiative designed to address the funding gap in specific impact-focused sectors and the respective value chains. We believe that by focusing on these areas, we can make a lasting impact on the growth and development of innovative solutions around agriculture, climate, and energy,” said Taiwo Kamson, principal at EchoVC.
The fund is an initiative of the corporation to support the development and innovation of early-stage businesses by providing solutions that can increase income for everyone involved.
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