🦊/Investors

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
2 investments
Tracked investments
72
IPOs
1
Acquisitions
1

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
Emma Stephenson· Head of Portfolio: Transporter
Fiona Carter· Business Support and Events Managerin
Funke Opeke· Trustee
Gail Klintworth· Chair of the Trustees
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
Natalie Wong· Director and Advisor, Office of the CEO
Nicholas Voges· Chief Financial and Operating Officer
Parminder Kohli· Trustee
Priyanka Nb· Senior Finance Analyst
Rob Bennett· General Counsel
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
Vaishali Rawat· Salesforce Administratorin
Vinita Bali· Trustee
William Sumner· Projects Advisor
Zoe Clark· HR Business Partner

What they invest in

from 31 of 72 portfolio companies

Cleantech ×16Impact & Social Good ×15Energy ×13Climate Tech ×11Fintech ×11AgTech ×10AI & Machine Learning ×5Logistics & Supply Chain ×5

HQs:India×6Kenya×3South Africa×3Nigeria×2United States×2Switzerland×1

Who they back

founder profiles across 11 portfolio companies
64%
solo founders
7 of 11 mapped founding teams

Founding team size:solo founder×72 founders×33 founders×1

Investments · 72 tracked

founders shown can be your intro path

By year:2026 · 22023 · 12021 · 12016 · 32015 · 12012 · 19 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

Simon IngersollDave Regnery(Chair and Chief Executive Officer)inD. S. Regnery(Chair and Chief Executive Officer)C. J. Kuehn(Executive Vice President and Chief Financial Officer)G. Guo(Senior Vice President and Chief Global Integrated Supply Chain Officer)M. J. Atalla(Senior Vice President and Chief Technology and Sustainability Officer)

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

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

AgroCentaagrocenta.comin𝕏Jan 2021

AgroCenta connects rural smallholder farmers in Ghana to markets and provides access to finance, addressing exploitation by middlemen and enabling farmer progression along the agricultural value chain.

AgTechB2B MarketplacesFintechImpact & Social GoodAccra, GH

Francis A. Obirikorang(CTO & Co-Founder)inMichael K. Ocansey(Co-founder)in

Co-investorsGROOVE CAPITALTechstarsGreenTec Capital Partners

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 VenturesBlue Haven InitiativeEcosystem Integrity FundFactor[e] VenturesAlphaMundi Group+2 more

BFA Globalbfaglobal.comin𝕏

BFA Global provides venture acceleration and impact investing support to technology startups building solutions for underserved customers and small businesses in emerging markets.

AI & Machine LearningClimate TechFintechFuture of WorkImpact & Social GoodSector Agnostic

Co-investorsFSD Africa Investments

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 Fundthecatalystfund.comin𝕏Jul 2026 · $30M

The Catalyst Fund operates a Circle of Investors comprising 250+ emerging market-focused tech investors committed to backing founders building resilient solutions.

Impact & Social GoodSector Agnostic

Co-investorsFSD Africa InvestmentsBlink ImpactInternational Finance CorporationSpeedinvest

Dailyninjadailyninja.inSeed · Aug 2016 · $540K

Anurag Gupta(Founder)in

Co-investorsSaama CapitalZ47

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 GatesinMelinda French Gatesin

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)in

Itcitc.cityin

ITC develops AI software that integrates with existing CCTV infrastructure to predict traffic patterns and optimize traffic flow for municipalities and traffic controllers.

AI & Machine LearningGovTechMobility & Transportation

AharonDvir

Co-investorsEarth Venture Capitalfresh.fund

Jazajazaenergy.com

Jaza is a utility company providing decentralized energy across Sub-Saharan Africa, combining hardware, software, and local talent into a distribution network.

CleantechEnergyImpact & Social Good

Sebastian Manchester(Founder)in

Co-investorsCeniarthEast Valley VenturesValhalla VenturesNew Brunswick Innovation Foundation

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 InitiativeBroadscaleGray Ghost VenturesLauder Partners+5 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

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

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 InvestingFMO

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

Deepankar Rustagi(Founder)in

Co-investorsGoodwell InvestmentsVentures PlatformAlitheia CapitalAruwa CapitalNorfund

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

Christopher Aidun(Founder)in

Co-investorsFSD Africa Investments

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

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)in

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

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

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

TravelTriangletraveltriangle.comPre-Seed · Jun 2012 · $200K

TravelTriangle is an online marketplace, operated by Holiday Triangle Travel Pvt.

ConsumerMarketplacesTravel & HospitalityGurgaon, IN

Sankalp Agarwal(Founder)

Twiglytwigly.in𝕏Pre-Seed · Nov 2015 · $200KDefunct

Twigly is a food delivery service that offers a regularly changing menu of dishes, currently serving customers in Gurgaon, India.

ConsumerE-commerceFoodTechGurgaon, IN

Co-investorsHyderabad AngelsTracxn labs

Zypp Electriczypp.appin𝕏

Zypp Electric is an India-based EV rental platform that rents electric scooters and loaders to gig-economy delivery workers, providing IoT-enabled vehicles, battery-swapping infrastructure, and 24/7 support.

CleantechLogistics & Supply ChainMobility & Transportation

Akash Gupta(Founder)in

Co-investorsChakra Growth FundDholakia VenturesLVX VenturesRiso CapitalSprint VcSupermorpheus+6 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

500 GlobalAccionAdvikAlso IncAmpersand SolarBIX CapitalBritish International InvestmentCatalyst Fund ResilienceCavexCookifiDavisandshirtliffDFCDouble Feather PartnersEast Africa FoodsFactore VenturesFmoForeign Commonwealth Development OfficeGizGood MachineJali FinanceJunior Achievement India Services JaisKeep It CoolKofaMeshMirova SunFunder IncNayo Tropical Technology LtdNdarama WorksOdyssey Energy SolutionsOroro Collections And Distribution Management LtdPash Advisory LlpRabo AgrifinanceRevfinS4S Science For Society Techno Private LtdSmall Industries Development Bank Of India SidbiSterling BankTauro WealthThe Co Operative Bank Of Kenya LtdTriplejump Energy Entrepreneur Growth FundUpaya Social VenturesVillgro Innovations Foundation

Exits · 2

1 IPOs · 1 acquisitions

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 72 tracked investments, 2 of which have exited, including 2 dated in the last 24 months.
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 37 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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