Equator, an African venture capital firm, has raised USD 55 million to support early-stage climate tech startups, addressing a significant funding gap in the region. Unlike developed markets that benefit from government subsidies, African founders depend on development finance institutions, making their funding vulnerable. The fund will invest in 15 to 18 startups, offering initial checks of USD 750,000 to USD 1 million at the Seed stage and USD 2 million at Series A, while also focusing on governance and scalability. Equator aims to attract private capital to the African climate tech sector, which, despite low CO2 emissions, faces severe climate challenges.