Fund I: Evergreen Fund
Investment Funds | Fund I: Evergreen Fund
Our Foundational Fund
Established in 2015, our Fund I has been a pioneer impact investor in climate and financial resilience across Sub Saharan Africa, Latin America and South East Asia.
We have backed category leaders like:
AgriAku is a technology-based agribusiness that acts as a distribution bridge for farmers, partners, and producers.
Wasoko transforms access to essential goods and services by connecting small shops to the digital economy.
Pula is an agricultural insurance and technology company that provides products to help smallholder farmers.
Fibrazo is a startup that builds and operates fiber optics to connect the barrios in Latin America.
FloodBase is a climate adaptation tech company that provides near real-time flooding and flood risk data and analysis.
Ejara is a crypto investment platform that offers payments, savings, and investments for the African mass market.
MCV Fund I | Track Record
Established: 2015
Structure: Evergreen
Status: Active (final investments to be made in 2025 & actively harvesting)
58
5
portfolio companies
exits
37.1 M
customers reached with impactful products and services
9
90
investments with multiples over 3x
end users in 90 countries globally
45%
portfolio companies with at least 1 female co-founder
$530M
81%
raised in follow-on
follow-on rate
71%
portfolio companies with at least 1 proximate co-founder
Our Portfolio
Builders we’ve backed
Investment Criteria
What we look for
We invest in early-stage companies building the future of our climate resilient systems.
What we offer:
Instrument: Equity
Ticket: $100,000 to $250,000
Post-investment support
Who we fund:
Stage: Pre-seed to Seed
Geography: Based in or clear GTM in Sub Saharan Africa and Latin America
Sectors: AgTech, FinTech, ClimateTech, NatureTech, Natural Capital, Supply Chain Tech
Impact: alignment with our Climate Adaptation & Resilient Framework
Founding team full-time and with relevant experience
Proximity: we want to see founders from and/or with significant experience in the markets they are building
Tech-enabled business models
Ambition and vision to scale across a continent or, ideally, globally
MVP with early traction
