Fundraising Fox

Shell Foundation

Foundation

London · Pre-Seed–Growth · 57 people tracked

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Investment thesis

Shell Foundation grounds its work in the needs of people earning less than a net living wage, focusing on three groups: smallholder farmers on under five acres, movers of people and goods aspiring to electric vehicles, and micro-enterprise owners. It de-risks new technologies and markets, drives innovation towards scale, and partners with proven industry leaders to scale commercial, income-generating clean energy solutions. The foundation embeds gender intentionality across its operations to increase access to products, resources and finance for women and entrepreneurs. It leverages its charitable status to find and scale clean energy technologies reaching millions of people in Africa and Asia.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Growth
HQ
London, GB
Instruments
Grants
Founded
2000
Last 12 months
1 investment
Tracked investments
65

Team · 57 people

from the firm's website & curated
Alex Gee· Head of Communications and Advocacy
Allan Ombungu· Business Development Director: Smallholder Farmer
Anshu Mandal· Business Development Director: Transporter and Micro-entrepreneurin
Cederic Cremers· Trustee
Clive Baldwin· Finance and Operations Business Partner
Dara Owoyemi· Senior Adviser: Transporter
Devi Murthy· Business Development Adviser: Smallholder Farmerin
Emma Stephenson· Head of Portfolio: Transporterin
Fiona Carter· Business Support and Events Managerin
Funke Opeke· Trustee
Gail Klintworth· Chair of the Trustees
Goziem Okubor· Business Development Director: Smallholder Farmerin
Habib Nuhu· Market Intelligence and Research Managerin
Heidi Hafes· Business Director: Solutions for Women and Marginalised Groupsin
Jack Ngare· Trustee
Juliette Keeley· Chief Impact Officerin
Karthikha Arunasalam· Accountantin
Kwaku Owusu-Achaw· Business Development Director: Transporterin
Madhuri Pappu· Financial Analyst
Maria DinisDaSilva· Programme Business Support
Mathieu Fourn· Financial Solutions Directorin
Maurice Othulo· Programme Compliance and Assurance Lead
Meera Shah· Head of Portfolio: Smallholder Farmerin
Natalie Wong· Director and Advisor, Office of the CEOin
Neha Singh· Accountant𝕏
Nicholas Voges· Chief Financial and Operating Officer
Parminder Kohli· Trustee
Patrick Obodoekea· Investment Development Director: Smallholder Farmerin
Priyanka Nb· Senior Finance Analyst
Richard Gomes· Chief Programme Officerin
Rob Bennett· General Counselin
Sarah Crier· Governance, Risk and Assurance Manager
Sarah Eglington· Finance Manager
Sebastian Czakon· Portfolio and Impact Managerin
Shankha Lahiri· Business Development Director: Micro-entrepreneur
Shelley Addington· Programme Business Support
Shveta Sarin· Business Development Director: Micro-entrepreneur
Tanya Kothari· Head of Portfolio: Micro-entrepreneurin
Tim Livett· Trusteein
Tobiloba Fadesere· Business Development Adviser: Micro-entrepreneurin
Tom Baird· Trusteein
Vaishali Rawat· Salesforce Administratorin
Vinita Bali· Trustee
William Sumner· Projects Advisor
Zoe Clark· HR Business Partner

What they invest in

from 25 of 65 portfolio companies

Cleantech ×16Energy ×13Impact & Social Good ×12Climate Tech ×10AgTech ×9Fintech ×9Logistics & Supply Chain ×5AI & Machine Learning ×3

HQs:India×4Kenya×3South Africa×3Nigeria×2United States×2Switzerland×1

Investments · 65 tracked

founders shown can be your intro path

By year:2026 · 12023 · 12 dated

Trane Technologiestranetechnologies.comin𝕏NYSE: TT

Trane Technologies is a global manufacturer of heating, cooling, and thermal management systems for commercial, residential, and transport applications, with a focus on energy efficiency and emissions reduction.

Advanced ManufacturingCleantechClimate Tech

Inspirafarmsinspirafarms.comin𝕏✓ verified

InspiraFarms Cooling provides cold chain infrastructure and cooling technology solutions to African agribusinesses, farmers, and exporters to reduce food losses and improve access to higher-value markets.

Advanced ManufacturingAgTechCleantechClimate TechFoodTechLogistics & Supply Chain

Co-investorsKawiSafi VenturesPymwymicE3 Capital

4R Digital Limitedin𝕏

Shell Foundation is a charitable organization supporting clean energy solutions that increase incomes for smallholder farmers, transporters, and micro-entrepreneurs in Africa and Asia.

CleantechEnergyImpact & Social Good

500 Global
Accion
Advik
Afexafex.africain𝕏

AFEX facilitates capital flows for commodity traders, processors, and manufacturers through financial instruments including repos, asset-backed commercial paper, and trade finance notes.

AgTechB2B MarketplacesFintech

Co-investorsConsonance Investment Managers

Also Inc
Ampersandampersand.solarin𝕏Oct 2023

Ampersand builds electric motorcycles, battery packs, swap stations, and AmperOps fleet management software for motorcycle taxi (boda) drivers in Africa, operating a battery-swapping network for commercial e-motos.

CleantechEnergyMobility & Transportation

Co-investorsBeyond CapitalBeyond Capital VenturesEcosystem Integrity FundFactor[e] VenturesAlphaMundi GroupFlagship Pioneering+1 more

Ampersand Solar
Bfa Global
BIX Capital
British International Investment
Catalystgetcatalyst.ioJul 2026 · $30Macquired by Totango

Catalyst (now part of Totango) provides customer growth solutions for customer success and sales teams to drive revenue growth.

SaaS

Co-investorsAccelBlink ImpactGeneral CatalystSpeedinvest

Catalyst Fund Resilience
Cavex
Davisandshirtliff
DFC
Double Feather Partners
Factore Ventures
Fmo
Foreign Commonwealth Development Office
Gates Foundationgatesfoundation.orgin𝕏

The Bill & Melinda Gates Foundation is a philanthropic organization that funds research, programs, and initiatives addressing global health, development, and education challenges, particularly affecting low-income populations in developing countries.

AgTechEdTechHealthtechImpact & Social GoodSeattle, US

Bill GatesMelinda French Gates

Giz
Good Machine
Hamara Grid Private Limitedhamaragrid.com

Hamara Grid develops and operates solar mini-grids in rural areas of India, serving underserved communities with renewable energy access and productive use of energy services.

CleantechEnergyImpact & Social GoodIoTKolkata, IN

Vijay(Managing Director)Sudeshna(Operations Director)Tiakala Ao(Director)

BoardRebecca Symington(Director)

Havenhill Synergy Limitedhavenhillsynergy.comin𝕏

Havenhill Synergy Limited is a clean-tech utility company that generates electricity using solar energy for urban and rural areas across Africa, supporting the continent's infrastructure development.

CleantechClimate TechEnergy

Inficoldinficold.com

Inficold designs and manufactures refrigeration and cold-chain systems that pair energy-efficient cooling with thermal energy storage and solar integration for temperature-sensitive products.

AgTechCleantechEnergy

Co-investorsRajasthan Venture Capital Fund

Intellecapintellecap.comin𝕏

Intellecap is the advisory arm of the Aavishkaar Group, providing business consulting and investment banking services to support underserved markets across Asia and Africa.

AgTechClimate TechEnterprise SoftwareFintechImpact & Social GoodNot explicitly stated, IN

Vineet Chandra Rai(Founder and Vice Chairman Aavishkaar Group)

Itc Limited
Jali Finance
Jazajazaenergy.com

Jaza operates a decentralized solar-powered energy network across Sub-Saharan Africa, recharging batteries at local systems to power homes and businesses in off-grid communities.

CleantechEnergyImpact & Social Good

Sebastian Manchester(Founder)in

Co-investorsCeniarthEast Valley VenturesValhalla VenturesNew Brunswick Innovation Foundation

Junior Achievement India Services Jais
Keep It Cool
Kofa
M Kopam-kopa.comin𝕏

M-KOPA offers smartphones through a deposit-and-installment payment model that lets customers build a credit history and unlock digital loans, health cover, device protection, and data bundles.

ConsumerEnergyFintechImpact & Social GoodKilimani, Nairobi, KE

Jesse Moore(Executive Officer, Director)inNicholas Hughes(Executive Officer, Director)Chad Larson(Executive Officer, Director)

BoardArun Gore(Director)Oliver Karius(Director)Colin le Duc(Director)

Co-investorsAHL Venture PartnersAutodesk FoundationBlue Haven InitiativeBroadscaleLauder PartnersSBI Ven Capital+3 more

Maxmax.ngin𝕏

MAX is a mobility fintech platform that provides financial services, vehicle ownership solutions, and support services to informal transport operators across Africa.

B2B MarketplacesCleantechClimate TechFintechLogistics & Supply ChainMobility & TransportationLagos, NG

Co-investorsAlitheia CapitalBreakthrough Energy VenturesGoodwell InvestmentsOlive Tree CapitalWaarde CapitalNovastar Ventures

Mesh
Mirova SunFunder Inc
Mufin Green Finance Limitedmufingreenfinance.com

Mufin Green Finance provides green financing solutions for electric vehicles in India, positioning itself as a pioneer in climate-focused lending within the EV ecosystem.

CleantechClimate TechEnergyFintechImpact & Social Good

Nayo Tropical Technology Ltd
Ndarama Works
Nithionithio.comin𝕏

Nithio provides a risk analytics engine and AI models that assess household-level credit risk, structure financing, and monitor portfolio and impact performance for climate solutions.

AI & Machine LearningCleantechClimate TechEnergyFintechImpact & Social GoodWashington, US

Hela Cheikhrouhou(Executive Officer, Director)

BoardBobby J. Pittman(Director)inQueen Nworisara-Quinn(Director)

Co-investorsKupanda CapitalElevar EquityEmerson Collective Investing

Odyssey Energy Solutions
Omniretailomniretail.africain

OmniHub is a distribution management platform for product distributors in Africa that connects them with retailers through a unified ordering and visibility system.

AI & Machine LearningB2B MarketplacesE-commerceEnterprise SoftwareFintechLogistics & Supply ChainRetail TechSaaSJohannesburg, ZA

Co-investorsGoodwell InvestmentsVentures PlatformAlitheia CapitalAruwa CapitalNorfund

Ororo Collections And Distribution Management Ltd
Pash Advisory Llp
Persistent Energypersistent.energyin𝕏

Altech is a distributor of solar lamps in the Democratic Republic of Congo that provides off-grid energy access to households and institutions.

AgTechAI & Machine LearningCleantechClimate TechEnergyImpact & Social GoodDemocratic Republic of Congo, CH

Rabo Agrifinance
Responsabilityresponsability.comin

responsAbility is an impact investment firm that sources, structures, and manages investments in emerging markets across three themes: financial inclusion for micro and small enterprises, climate finance for net-zero pathways, and sustainable food systems.

Climate TechFintechImpact & Social Good

Co-investorsAHL Venture Partners

Revfinrevfin.in

Co-investorsADB Ventures

S4S Science For Society Techno Private Ltd
Savanna Circuit Technologiessav-circuit.com

Sav Circuit manufactures solar-powered cold chain equipment for smallholder farmers in Africa, offering hybrid milk chillers and related cooling products to help preserve perishable goods and improve agricultural value chains.

AgTechCircular EconomyCleantechImpact & Social GoodLogistics & Supply Chain

Sima Fundssimafunds.comin𝕏

SIMA is an impact investment fund manager that creates and manages funds bringing together institutional, impact, and development finance investors to back double-bottom-line businesses in renewable energy, affordable housing, and financial inclusion.

EnergyFintechImpact & Social Good

Asad Mahmood(CEO)

Sistema Bsistema.bioin𝕏

Sistema.bio manufactures prefabricated, modular tubular biodigesters that convert animal dung into biogas for small and medium-sized farms.

AgTechCleantechClimate TechEnergyMexico City

Alexander Eaton(Executive Officer, Director, Promoter)inCamilo Pagés(Founder)in

BoardThibault Couturier(Director)Liesbet Mijlemans(Director)inMarcus Watson(Director)inJoyce Cacho(Director)

Co-investorsDila CapitalFactor[e] VenturesNovastar Ventures

Small Industries Development Bank Of India Sidbi
Speak up hotlineethicspoint.eu

NAVEX operates EthicsPoint, an anonymous and confidential reporting hotline that lets employees and others raise concerns about unethical or illegal activities to an organization's management or board.

Enterprise SoftwareLegalTechSaaS

Sterling Bank
Sunculturesunculture.com𝕏

SunCulture provides off-grid solar-powered irrigation pump systems that give smallholder farmers access to water, irrigation, lighting, and mobile charging, sold with a pay-as-you-grow installment option.

AgTechCleantechEnergyNairobi, KE

Co-investorsE3 CapitalEquatorPrivate Infrastructure Development Group

Exits · 2

IPOs and acquisitions across the tracked portfolio

Trane TechnologiesNYSE: TTCatalystacq. by Totango

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Shell Foundation made?
Shell Foundation has 63 tracked investments.
What stage does Shell Foundation invest at?
Shell Foundation invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
What sectors does Shell Foundation focus on?
Shell Foundation focuses on AgTech, Cleantech, Climate Tech, Energy, Fintech, Impact & Social Good, Mobility & Transportation.
Where is Shell Foundation located?
Shell Foundation is headquartered in London, GB.
Who does Shell Foundation co-invest with?
Shell Foundation most often shares deals with AHL Venture Partners, Autodesk Foundation, Ceniarth, among 33 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Climate Investing Track Keynote by Jonathan Berman, Chief Executive Officer, Shell Foundation

Impact Investors Council (IIC) · Jonathan Berman

Images

Shell Foundation photoShell Foundation photoShell Foundation photoShell Foundation photoShell Foundation photoShell Foundation photo

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