Fundraising Fox

Factor[e] Ventures

Venture capital

Pre-Seed–Seed · 15 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Factor E employs technology brokering to leverage cross-industry knowledge for identifying and scaling climate and development solutions suited for Africa. Rather than funding entirely new inventions, the firm identifies proven technologies from disconnected industries and markets, then recombines them to create novel products and services for new markets. The approach combines strategic thinking with practical action and continuous learning to accelerate climate tech deployment at the pace and scale needed to address Africa's dual challenge of climate impact and economic growth.

Invests inClimate Tech

Source: firm website, verified Jul 21, 2026.

Stage
Pre-Seed–Seed
Check
$250K – $750K
Instruments
Equity
Founded
2013
Tracked investments
1

Team · 15 people

from the firm's website
Andrew Hargadon· Managing Partner

Strategic leader with expertise in technology development and emerging market dynamics.

Mark Loch· Chairman

Business builder with nearly four decades launching ventures and social enterprises across multiple continents. Senior Partner at McKinsey for 26 years where he grew international practice groups, and currently an operating partner at Blackhorn Ventures.

Dr. Morgan DeFoort· Partner

Technology development expert with over 20 years of experience in emerging markets, particularly India and East Africa. Previously led the Energy Institute at Colorado State University and CSU STRATA's cleantech spinout program. Holds a Ph.D. in Mechanical Engineering and BA in Physics.

Tenbite Ermias· Partner

Development finance and management consulting professional with 20+ years across Africa, Middle East, and US. Formerly Head of Africa at British International Investment where he managed the investment committee and led deal origination. Previously held senior roles at BCG and McKinsey in emerging markets.

Aishat Raji· West Africa Director

Development finance and investment professional with 10+ years across Africa in blended finance, transaction advisory, and strategy consulting. Investment Director at Factor[e], previously Principal and Head of Nigeria Advisory at CrossBoundary. Specialized in climate, energy transition, and infrastructure across the continent. CFA Charterholder with MSc in Finance from LSE.

Michael Emmerson· Director, Labs

Product management professional with experience validating and commercializing solar home systems across East and West Africa. Holds BEng in Mechanical Engineering and MEng in Geological Engineering.

Akta· Venture Partner

Experienced investor and entrepreneur with 15+ years in venture capital. Founded and exited Enhabit Ltd, a company focused on carbon emissions reduction in buildings, and launched three additional platform businesses. Has deep expertise in energy efficiency, renewable energy, healthcare, and healthtech. Formerly a solicitor at Slaughter and May and investment banker at HSBC.

Hillary· Executive Support Specialist

Operations and organizational development specialist with 25+ years in sustainability, executive leadership, and nonprofit management. Founded and co-founded businesses and organizations, with extensive consulting background in strategic planning and organizational change.

James Phelan· Development Director

Fund development professional with 20+ years in international organizations and development finance. Recently led philanthropy and individual giving programs at Village Enterprise, cultivating networks of impact investors and donors supporting entrepreneurship-led work across Sub-Saharan Africa.

Jamie Doyen· Chief Financial Officer

Finance professional with over a decade of experience including roles at technology startups, communications firms, and Deloitte. CPA in California with bachelor's and master's degrees in Accounting and an MBA.

Jonathan Berman· Board Member

CEO of Shell Foundation and mission-driven leader focused on frontier markets. Formerly Managing Partner of AIP, an early-stage technology fund for emerging markets companies. Serves on multiple boards and previously led global practices at Dalberg advisory firm.

Kiette· Chief Operating Officer

Operations leader with 15 years building teams across African sectors including healthcare, education, and agriculture. Led One Acre Fund Kenya through significant scaling, growing their agricultural loan program from 100K to 500K clients, and managed regional expansion across multiple countries.

Phuthi Tsatsi· Senior Investment Associate

Climate and energy sector specialist with 6+ years across engineering, investment, and consulting in Africa and US. Founding member of BCG Johannesburg's Energy Practice, worked on renewable energy projects and mini-grid initiatives, and brings green hydrogen experience from Ohmium. Dual master's from Stanford in Electrical Engineering and Business Administration.

Seth Silverman· Advisor

Climate and development expert with leadership experience in policy, international development, and impact investing. Managed Kenya operations for One Acre Fund and brings expertise in energy access and agriculture across East Africa, South Asia, and Central America. Holds law degree, master's in civil and environmental engineering, and BA from Stanford.

Tyrone· Reporting Analyst

Operations and venture support professional with experience across Africa's innovation ecosystem. Previously supported growth-stage companies at Pariti and Bolt, and contributed to strategic projects in climate, healthcare, and mobility at BCG. Graduate in Informatics and Computer Science.

What they invest in

from 1 of 1 portfolio companies

Energy ×1Enterprise Software ×1IoT ×1

Investments · 1 tracked

founders shown can be your intro path
Beacon Power Servicesbeaconpowerservices.comin𝕏

Beacon Power Services provides grid network management and energy consumption solutions for utilities and consumers across Africa, offering platforms for operational optimization and renewable energy integration.

EnergyEnterprise SoftwareIoT

Frequently asked questions

What stage does Factor[e] Ventures invest at?
Factor[e] Ventures invests at the Pre-Seed, Seed stages.
What is Factor[e] Ventures's typical check size?
Factor[e] Ventures typically writes checks of $250K – $750K.
What sectors does Factor[e] Ventures focus on?
Factor[e] Ventures focuses on Climate Tech.

Images

Factor[e] Ventures photo

Similar investors

500 Startups

500 Global's Sustainable Growth practice designs and implements sovereign-aligned strategies that unlock resilient, inclusive, and sustainable economic growth across the Global Majority—Asia, Africa, Latin America, and the Middle East. The practice bridges public priorities and private capital through ecosystem development, blended finance, and localized innovation programs addressing health, agriculture, gender, climate, and education.

B Capital Group

B Capital is a venture capital firm managing over $12 billion in assets with a stage-based fund approach. The firm invests across early to late-stage companies in technology, healthcare, and energy & resilience sectors, with 200+ portfolio companies and 9 global offices.

Boundary Capital

Boundary Capital invests in high-growth private technology companies focused on positive impact across life sciences, AI, and engineering sectors.

Cottonwood Technology Fund

Cottonwood Technology Fund is an early-stage deep tech venture capital fund focused on patent-driven companies in hard science sectors including photonics, quantum, advanced materials, and climatetech, with offices in the Southwest US and Northern Europe.

$1M – $3M
Crosscut Ventures

Crosscut is an early-stage venture capital firm based in Los Angeles that invests in frontier technologies addressing critical global challenges. The firm focuses on energy transition, decarbonization, space economy, defense systems, advanced manufacturing, robotics, and supply chain reshoring.

Featured in lists